39 of 47 Wall Street CPI estimates didn't show up until the last 5 days before the print.
The Hedgeye Inflation Nowcast had+4.25% on May 12, the day the April number posted.
May's CPI came out at exactly +4.25%.
By the time the Street catches up, it's already priced in.
Retail trading now makes up a fifth of total U.S. equity volume, double its 2010 share.
With the Pattern Day Trader rule eliminated and the $25k minimum gone, that share has room to run.
Retail trading now makes up a fifth of total U.S. equity volume, double its 2010 share.
With the Pattern Day Trader rule eliminated and the $25k minimum gone, that share has room to run.
๐บ๐ธ U.S. Producer Prices rose +6.5% YoY in May, the largest annual gain since November 2022.
Energy prices drove the bulk of the monthly gain, with gasoline surging +23.4% and final demand goods posting their largest monthly increase on record