2 Clear Signs This Market is Unhealthy – Don’s Daily Brief

by | Feb 9, 2023

Next week: CPI is coming out again. We’ve got around 5.6% as the estimate on core inflation and whether it comes in above that or below, that’s not really the point where inflation is going to ebb and flow.

What I believe is a higher trajectory and that will be a result of the massive amount of money printing that they’ve done that they can’t take off the market fast enough.

And then there’s a very strong secular trend in terms of demographic pressures and that is baby boomers retiring, taking supply out of the workforce, keeping wage pressures high. So that’s why we have an unemployment rate of around 3.4%.

Okay so that’s the trajectory of inflation and whether it comes out a little bit higher a little bit lower next week is irrelevant.

What I want to focus on is the markets unhealthy obsession with CPI prints… and also the markets unhealthy obsession with the Fed funds rate. Watch the full video for more.

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