12-12-2023, 05:59 PM
Today's Bureau of Labor Statics CPI report, which measures inflation, reports inflation has slowed to 3.1%, so things are now back to normal. This marks the 6th straight month that inflation has been under 4%. (Anything under 4% is normal and we've been there since May'23). Oil and energy prices have sharply fallen by 25% with gasoline down nearly 10%. Oil production in the USA is at record levels and it now moving into surplus range. Unemployment also remains at a 50-year low. Union productivity is up, and wages continue to outpace inflation.
The market indexes are also at record levels with the:
S&P 500 is up 22% YTD,
DOWJOnes is up 11% YTD, and the
NASDAQ is up 51% YTD.
The outlook for 2024 is the market indexes will continue to outperform, with inflation now back in check and consumer confidence is now on the rise. Bond yields are declining.
This signals Blue skies and smooth sailing ahead for 2024.
https://www.bls.gov/news.release/pdf/cpi.pdf
The market indexes are also at record levels with the:
S&P 500 is up 22% YTD,
DOWJOnes is up 11% YTD, and the
NASDAQ is up 51% YTD.
The outlook for 2024 is the market indexes will continue to outperform, with inflation now back in check and consumer confidence is now on the rise. Bond yields are declining.
This signals Blue skies and smooth sailing ahead for 2024.
https://www.bls.gov/news.release/pdf/cpi.pdf
Don't mock kids who believe in Santa, while adults still believe in Fox News.
