Dow Jones Rises, Market Rallies Back As Inflation Cools. Thanks Bidenomics.

J

Joe Capitalist

Racism is a disease
The Dow Jones rose Friday, along with the S&P 500 and especially the Nasdaq, as the stock market rally looks to rebound after Thursday's downside reversal. Meanwhile, the Fed's inflation readings cooled to the lowest in nearly two years

The June personal consumption expenditures index rose 0.2% vs. May and 3% vs. a year earlier, both matching views. That PCE inflation rate cooled from 3.8% in May.

The core PCE price index climbed 0.2%, in line with estimates. The core PCE inflation rate slowed to 4.1% from May's 4.6%, slightly below forecasts for 4.2%.

Both annual inflation readings were the lowest since September 2021.

MAGA soils diapers.
 
Well, as we know, the market goes up and the market goes down, as a single indicator it is not helpful, however, when coupled with other positive signs, as is happening today, it portrays a progressing economy

Unfortunately for the Administration, the news isn’t getting out, the 24/7 infotainment media focuses more on entertainment, and economics isn’t melodramatic enough unless it is crashing

LBJ, known for his crude wit, was rumored as once advising a staffer not to deliver a talk on economics, as he said, lecturing on economics is like pissing your pants, you know something big is happening but those watching/listening think you just look like a fool
 
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archives said:
Well, as we know, the market goes up and the market goes down, as a single indicator it is not helpful, however, when coupled with other positive signs, as is happening today, it portrays a progressing economy

Unfortunately for the Administration, the news isn’t getting out, the 24/7 infotainment media focuses more on entertainment, and economics isn’t melodramatic enough unless it is crashing

LBJ, known for his crude wit, was rumored as once advising a staffer not to deliver a talk on economics, as he said, lecturing on economics is like pissing your pants, you know something big is happening but those watching/listening think you just look like a fool
Click to expand...

The inflation rate coming down is the big news. Now Republiclowns can't use it against Biden.
So it's back to Hunter's laptop, Mr. Potatohead, gas stoves and Barbie.
 
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Joe Capitalist said:
The Dow Jones rose Friday, along with the S&P 500 and especially the Nasdaq, as the stock market rally looks to rebound after Thursday's downside reversal. Meanwhile, the Fed's inflation readings cooled to the lowest in nearly two years

The June personal consumption expenditures index rose 0.2% vs. May and 3% vs. a year earlier, both matching views. That PCE inflation rate cooled from 3.8% in May.

The core PCE price index climbed 0.2%, in line with estimates. The core PCE inflation rate slowed to 4.1% from May's 4.6%, slightly below forecasts for 4.2%.

Both annual inflation readings were the lowest since September 2021.

MAGA soils diapers.
Click to expand...
And yet the Feds raised interest rates again. Joe Crapitalist soils his toy car seats. Elon isn't happy.
 
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