PPI - Premarket
2022-05-12T12:30:00Z
PPI numbers come out on this day. On the previous PPI print, it was quite bad, in that excluding food and energy it still came out double the expected.
Typically a hot PPI precedes a hotter CPI, which statistically implies that we should see a hot CPI coming up.
Note that on the previous PPI print the market didn’t seem to care, and it was green. But worth noting imo we should take note of the PPI print.
Link to PPI analysis from last time: Stagflation leading to Recession - The Kodiak Bear Thesis - #98 by Kevin