ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[Montanore]

John Williams' Shadow Stats gives the truth. Can't trust the goobermint.

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(August 12) PPI INFLATION - Annual Inflation surged to new record highs in the July 2021 Producer Price Index (Bureau of Labor Statistics – BLS). The July 2021 Producer (PPI) jumped 1.03% in the month and by a record 7.77% year-to-year (BLS). The July 2021 Producer Price Index continued to explode across the board, setting new record levels of year-to-year Inflation at 7.77% [previously 7.31% (last month)] for the Total PPI-FD (Final Demand), 11.87% [previously 11.68%] for the PPI-FD Goods Sector and 5.82% [previously 5.18%] for the PPI-FD Services Sector. Those record annual Inflation levels were in context of the current PPI historical series that began in November 2009. Headline Inflation rates for both the June PPI and CPI [see the continued to exceed financial-market expectations, meaningfully, with an expected monthly 0.5% gain for July PPI again coming in at 1.0%. Despite continued surging energy (gasoline) prices, “Core” Inflation, net of Food and Energy, hit a new historic peak for the PPI of 7.53%.