Weekend Wall Street #41- Buffet, CPI, and Trade Plans (5/7-5/12)
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Happy Sunday everyone and welcome back to Weekend Wall Street. The market continues to remain strong, and after a great earnings season, we may be in store for continuation this Summer. Like I did last week with JAGX which ran from 59 cents to 68 cents intraday, if I see a strong small cap or options setup I like I will email it out.
The big news this week will be the April CPI inflation report on the 10th at 8:30 AM. Pre-CPI trading is usually low volume especially as we enter a high chop-zone area.
The million dollar question is what will CPI do this month and how will the markets react? Wall Street is expecting a 5% YoY inflation rate, but the Cleveland Fed is expecting a 5.2% increase in the YoY rate.
The markets are pricing a significant drop in inflation into June, with the expected rate @ 3%. A prediction on Kalshi for core CPI to be above 3.0% by June returns 100% currently:
