Loading ...inflation was softer across the board. Y/Y 2.8% vs 2.9% estimates, M/M 0.2% vs. 0.3% estimates. Down even more vs last month of 3.0% and 0.5% respectively.
The numbers really surprise me.
Then again, rates and the dollar are higher this am, and that surprises me too. The only thing that doesn’t surprise is the action in the QQQ’s which are soaring as expected.
Gold going nowhere, but silver looks like it wants to go higher, and that’s what matters. 