To gain an edge, this is what you need to know now.
Incorrect Media Headlines
Please click here for a chart of S&P 500 Futures (ES_F).
Note the following:
- In the Morning Capsule, we shared with you details of the new inflation data.
- This specific inflation data was especially important because the Fed pays a lot of attention to it.
- The data clearly showed that inflation was getting better compared to the prior months.
- Keep in mind that these days many journalists are underpaid, and often journalists are not major investors. Journalists focused on the absolute level of inflation and ran with headlines that the inflation data was bad.