Love for the Robocapattals, hope you're well.

So we had new CPI, excuse me, new inflation data,

CPIs tomorrow, PPI today.

So wholesale prices, what are they doing?

Well, shock the market. Let's get right over to

Barons is the article we're going to check out first. And then what I want to do is look at how yields are responding to this

unexpected news about wholesale prices and then I want to look at what this means for the Fed as far as the

probability that they cut rates or cut rates by 50 maybe more and then how does

the market usually respond to Fed rate cuts because we all know that's

bullish right as soon as the Fed cuts rates so the stock market's gonna rip

higher maybe maybe not let's start by looking at this Baron's article,

it goes over producer prices.

Is the PPI, again, I apologize, the CPI is out tomorrow.

We're going to be watching that like Hawk hawk as well. But producer inflation data were weak, how the Fed might respond. And what we really care about is the actual data, we're going to get how the federal will respond in a moment.

Sorry, Barron's, but I really don't care about your opinion on the Fed.

So producer price index increased by 0.1% July, less than 2% gain in June and below 0.2 expectations. But what's really crazy is not just a month on the month, but the year on year.

And of course we've got base effects in there.

But the year on year is now down to 2.2 and that is compared to last month or was it 2.6.

So we see continued disinflation, not deflation.

Remember someone on Twitter the other night was saying,

George, you've been calling for deflation for two years.

No, I haven't.

...