A lower than expected CPI release on Wednesday morning sent the stock market rocketing higher.
But has anything really changed?
And does it mean anything for our bearish stock market outlook and strategy?
After a quick glimpse at how the media handled it, we’ll take a deeper dive into the numbers to see what’s really going on, versus the Wall Street media narrative.
Click here to see…
The Daily Treasury Statement data for the end of month August showed some improvement in total tax collections, including a slight uptick in withholding taxes and an even bigger increase in excise taxes.
The numbers suggest that an early summer slowdown has ended. After the expected downward revisions in June and July jobs data, the August uptick in jobs was not a fluke. And the excise tax data suggests strong retail sales.
So, not an altogether bad summer – if you happen to be a politician or government taxman. But what about for investors?
Click here to see what to expect.