Oh, tell me about it. Costco is not known for anything small. People used to complain nonstop about this, like their produce stuff is too bulky. Well, the grapes, which I'm particularly fond of, is only half the size that it used to be. And even worse, they charge you more now. Anyway, I don't know what metric these guys in the government are using, but it sure don't feel like the inflation has come down.
I think the largest CPI reading in Norway was around 6 %. No way that's correct. Plenty of items in my own basket have even doubled over the last few years. I saw a post from that clown economist Paul Krugman who was showing a graph where rent, fuel, food, etc. was excluded saying inflation wasn't that bad. LOL. I mean, what's left at that point? I believe the largest CPI reading in US was around 9 %. Still not correct, I'd guess. My impression from daily life in Norway is that a lot of people were already struggling or barely getting by, but after rates increased + inflation + energy prices soaring a lot of people are hurting badly.
Market Makers pushing the SPY ETF to BB bounderies before CPI and FED. What could "possibly" go wrong?
The last time we rallied on CPI (May), it was an instant 30 point 5-minute candle. No counter moves. Prior to that, there was a 20 point counter move post-release before another deep pullback and then a rally. So, holding into this might be quite risky when you know that your stop could have considerable slippage.
Boooom!! we knew it sure as hell wasn't gonna go down! was either gonna be a facerip rally or a Drop and V! caught the long on options