Not much to say until today . I believe the ppi reports today or tomo And CPI on the 14 th . Car sales should slow and Airlines prices should come down a bit . This will help the Inflation worries . My bet is next month everything slows Bc pent up demand will be over in the scene of Restuarant’s, vacations Gambling . I see the slowdown happening in New York . It’s back to business and just bc we had high inflation The Plateau was set high and can only slow up and start to go down from here . Covid delta will help the slowdown . High food and gas price will help the Slowdown . We have inflation bc vacation and all spending was done at home . People had nothing but time on their hands so they vacationed in the USA and did things Around the house like barques , home improvement and they ate a lot more sitting home . This cause Inflation in everything . As people go back to work they actually eat less bc they are busy . Gas price will remain high so inflation will slowdown a bit but enough to start a rally in stocks like the High flyers like Grwg . Next month will show inflation really starting to ez off . This will cause a year end rally and we will be back to talking about Grwg doubling and tripling since the growth Rate is 150 percent a year . We are at 3 x sales right where we were at 6 $ a year ago .
I believe the fed is all in on this transitory inflation story .
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