On yesterday’s Profit Panel, the team saw it coming.
“People think inflation is going down,” Geof Smith said. “It’s not. It’s still going up. It’s just not going up as fast.”
Then this morning, the CPI number hit 2.7%, with Core CPI at 2.9% — confirming exactly what Geof warned:
Prices aren’t coming down. They’re just rising a little slower.
Chris Pulver summed it up even more bluntly:
“What’s cheaper? Nothing.”
So why does the market care? Because this kind of sticky inflation keeps the Fed pinned — and it pushes traders into dangerous assumptions.
We saw that over the last week as energy, airlines, and consumer discretionary plays popped higher… only to stall ahead of the data.
And now? We’re back to a guessing game.
Will the Fed cut? Will they wait? Can the consumer keep spending $8 on coffee and $400 on hotel rooms?
Geof’s message was clear: don’t trade headlines — trade what’s actually moving.
Especially when those headlines are dressing up inflation as progress — when all we’re really seeing is slower pain.
To your prosperity,
The ProsperityPub Team
