In July 2024, the US annual inflation rate continued its downward trend for the fourth month in a row, reaching 2.9% — a level not seen since March 2021 and a slight decrease from June's 3%. Month-over-month, the CPI saw a 0.2% increase, aligning with predictions. This rise was primarily driven by the shelter index, which went up by 0.4% and contributed to nearly 90% of the overall monthly increase in inflation.
Core inflation, which excludes vo...

Yesterday the market bounced, but the rally attempt was not impressive. The popular averages closed in the middle of the day's range on lower volume. The Russell 2000 was the strongest closing up +1.23%. The "rally" looked more like a dead cat bounce than a strong start to a new sustainable up leg.
Given the size and speed of the decline over the last few days, there is undoubtedly some trapped supply out there. At the very least, we are likely to experience more volatility, something I avoid li...