I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
Tonight US CPI numbers ....Will it kill the stock recovery?
13-07-2022, 12:04 PM
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
13-07-2022, 12:09 PM
I already predicted
Why you still ask such questions?
Why you still ask such questions?
13-07-2022, 12:20 PM
The US market tonight is likely to ignore the CPI numbers for the reasons described here
https://skyjuiceiswater.blogspot.com/202...jumpspot19
https://skyjuiceiswater.blogspot.com/202...jumpspot19
13-07-2022, 12:24 PM
13-07-2022, 12:27 PM
Stupid EU kena play kokee daddy
13-07-2022, 12:43 PM
Food and energy not included in the CPI lah…
You think so easy to catch inflation monster.
Wait long long! No drastic action, it wont drop. Recent tightening only reduction in 10% of money. Still have 90% of money inside the market.
You think so easy to catch inflation monster.
Wait long long! No drastic action, it wont drop. Recent tightening only reduction in 10% of money. Still have 90% of money inside the market.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
13-07-2022, 12:46 PM
Good news is oil prices fall below $100
[Image: https://i.gifer.com/7ZqO.gif]
13-07-2022, 01:02 PM
(13-07-2022, 12:04 PM)sgbuffett Wrote: https://www.cnbc.com/2022/07/12/consumer...aking.html
Tonight is a rally
13-07-2022, 01:05 PM
13-07-2022, 01:14 PM
Full Moon liao la expect big swing...so simple
13-07-2022, 01:36 PM
Biden going to Saudi.
Oil price may drop.
Give 'oldman' face.
Oil price may drop.
Give 'oldman' face.
13-07-2022, 01:42 PM
(13-07-2022, 01:36 PM)Migrant Wrote: Biden going to Saudi.
Oil price may drop.
Give 'oldman' face.
An unwelcome guest!
Really very daring to go there at this moment.
![Rotfl Rotfl](https://sgtalk.net/images/smilies/Animated/rotl_s.gif)
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
13-07-2022, 01:43 PM
He was given the title of Zhuge Liang but now uplorry. No joke!
https://www.ndtv.com/world-news/opec-hea...4572/amp/1
https://www.ndtv.com/world-news/opec-hea...4572/amp/1
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
13-07-2022, 02:31 PM
(13-07-2022, 12:43 PM)RiseofAsia Wrote: Food and energy not included in the CPI lah…R u saying food energy nothing to do with inflation and market will fall badly tonight?
You think so easy to catch inflation monster.
Wait long long! No drastic action, it wont drop. Recent tightening only reduction in 10% of money. Still have 90% of money inside the market.
13-07-2022, 02:36 PM
(13-07-2022, 12:43 PM)RiseofAsia Wrote: Food and energy not included in the CPI lah…
You think so easy to catch inflation monster.
Wait long long! No drastic action, it wont drop. Recent tightening only reduction in 10% of money. Still have 90% of money inside the market.
Food and energy are included lah. It's called consumer price index. We consume food and energy of course they are included.
13-07-2022, 02:43 PM
13-07-2022, 02:48 PM
13-07-2022, 03:14 PM
13-07-2022, 08:44 PM
Inflation worse than expected.
Dow plunge. Many traders are shorting like crazy for quick profits.
Dow plunge. Many traders are shorting like crazy for quick profits.
![[Image: HAxQyfv.jpg]](https://i.imgur.com/HAxQyfv.jpg)
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
13-07-2022, 08:49 PM
13-07-2022, 09:04 PM
(13-07-2022, 08:49 PM)Zannn Wrote: The shorts covering will be coming very soon
Actually I detect buying so market will bounce up soon.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
13-07-2022, 09:39 PM
13-07-2022, 10:05 PM
https://www.investopedia.com/articles/07...eindex.asp
Over the years, the methodology used to calculate the CPI has undergone numerous revisions. According to the BLS, the changes removed biases that caused the CPI to overstate the inflation rate. The new methodology takes into account changes in the quality of goods and substitution. Substitution, the change in purchases by consumers in response to price changes, changes the relative weighting of the goods in the basket.
The overall result tends to be a lower CPI. However, critics view the methodological changes and the switch from a COGI to a COLI as a purposeful manipulation that allows the U.S. government to report a lower CPI.
William's alternate CPI calculation showed that the U.S. inflation rate surged to over 16% in the Spring of 2022, or more than double official CPI figures.
Over the years, the methodology used to calculate the CPI has undergone numerous revisions. According to the BLS, the changes removed biases that caused the CPI to overstate the inflation rate. The new methodology takes into account changes in the quality of goods and substitution. Substitution, the change in purchases by consumers in response to price changes, changes the relative weighting of the goods in the basket.
The overall result tends to be a lower CPI. However, critics view the methodological changes and the switch from a COGI to a COLI as a purposeful manipulation that allows the U.S. government to report a lower CPI.
William's alternate CPI calculation showed that the U.S. inflation rate surged to over 16% in the Spring of 2022, or more than double official CPI figures.
13-07-2022, 11:07 PM
13-07-2022, 11:28 PM
13-07-2022, 11:30 PM
14-07-2022, 09:09 AM
As expected, the market generally ignored the CPI. At one stage around 1:00pm, it went up 400 points to cover the gap. Now observe if it will get back up again; if so, there is a good chance to see some lights ahead or else, it will go down to test the supports.
![[Image: Screenshot-2022-07-14-090801.jpg]](https://i.ibb.co/ySTP6pf/Screenshot-2022-07-14-090801.jpg)
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