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.
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We find no corroborating evidence that the labor market is “strong”. Inflation data continue to improve. Oil is at $70/bbl. mark, consumers will see falling gas prices.
After 8 days of selling it is hard to favor any sectors. The Viper Report s Tom Aspray reviews the sectors based on their yearly pivot analysis and you may be surprised.
The Viper Report’s Tom Aspray reviews the price reversal after the jobs report. Similar price action at the July highs marked a change in trend, what about now?