Good CPI Numbers…Are Irrelevant
CPI data comes in as expected… unfortunately, it’s already outdated… aluminum is jumping… how to play it… Alcoa looks like it’s headed for a breakout This morning, the latest Consumer Price Index (CPI) numbers came in as expected. Headline inflation increased 0.3% for the month and 2.4% on the year – both numbers matched consensus forecasts. Meanwhile, core CPI (which strips out volatile food and energy prices) edged 0.2% higher on the month and 2.5% over the last year. These numbers were also i
CPI data comes in as expected… unfortunately, it’s already outdated… aluminum is jumping… how to play it… Alcoa looks like it’s headed for a breakout This morning, the latest Consumer Price Index (CPI) numbers came in as expected. Headline inflation increased 0.3% for the month and 2.4% on the year – both numbers matched consensus forecasts. Meanwhile, core CPI (which strips out volatile food and energy prices) edged 0.2% higher on the month and 2.5% over the last year. These numbers were also i