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- đ„ What's with all the panic around CPI? đ«
đ„ What's with all the panic around CPI? đ«
PLUS: An antidote to analysis paralysis-caused losses
CPI CAME IN HOTTER THAN EXPECTED - BUT DONâT PANIC đ§
Have a cold shower.
Rub some lemons under your armpits.
Drink your coffee, raw egg, and blue Gatorade smoothie.
Itâs time to sober up.
Cause, yeah â CPI data came in hotter than expected:
Meaning the year-on-year (YoY) cost of living didnât fall as sharply as expected, moving from 2.5% to 2.4%, instead of moving down to the expected 2.3%.
âŠbut it still fell.
Which, counter to the Crypto Twitter doom takes that are floating around right now, is a good thing.
Letâs not forget:
1/ CPI is still in a six month downtrend
2/ CPI is down from 9.1% (!) in 2022
3/ The likelihood of a 25 bps cut actually went up, while the chance of no cut went down
So, CPI continues to fall and a 25 bps cut in November is more likely than before â which will further incentivize folks to inject fresh cash into marketsâŠ
Whyâre we panicking again?
An antidote to analysis paralysis-caused losses
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Alright, thatâs a wrap!
Renaissance.