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What deeply disappointed was “Core” CPI rose +0.4%, highest since May. This measure of inflation remained at 3.9% over the last 12 months, the same as it was in December. ....
Costco stock at 52-week high, up 45%. OBV indicator positive, plans for new warehouses, 9.9% increase in Dec sales. Caution in early 2024 but strong long-term buy. ....