Let’s start with the latest Consumer Price Index (CPI) report.
The CPI, as you know, is the most widely used measure of inflation.
It measures the monthly change in prices that consumers pay based on a basket of goods and services (like food items, automobiles, rent, and more).
In other words, a slight increase or significant decrease suggests slowing inflationary pressure — which bodes well for the economy and tilts market momentum in favor of the bulls (aka stock market optimists).
This is precisely what happened following the latest CPI report this week.
The report showed a 0.01% increase, aligning with a slowing inflationary trend and the Federal Reserve’s decision to keep interest rates steady.
It explains the all-time highs in the Nasdaq, Dow Industrials, and S&P 500…
And why we’re seeing more high-probability setups inside Big Energy Profits.
Here’s a quick summary of the report in case you missed it:
- Energy prices fell 2.3%, mainly due to a 6% drop in gasoline prices.
- Food prices rose by 0.2%, led by a 0.4% rise in food away from home.
- Shelter prices, a significant portion of the CPI, increased by 0.4% on the month. However, the annual rate has steadily declined since early 2023.
- Used vehicle prices rebounded after five months of decline, rising by 1.6%.
- And average hourly earnings grew by 0.2% monthly and 0.8% annually.
Weird numbers, but the good news is that inflation has slowed since mid-2022…
And stocks could continue their upward trend if the Fed keeps rates steady.
For more insight, see our approach for booking end-of-year profits.
Wishing you a blessed and profitable day,
Author: Anthony Speciale
Anthony Speciale Jr. Born and raised into a blue collar family in the suburbs of Northern New Jersey, I have in recent years put down the wrenches I’ve been turning for the better part of my entire life and have become a professional energy trader. My mother was a nurse practitioner and my father was an auto mechanic. I had literally watched both of my parents work endless hours with their hands throughout their entire lives and after loosing my mother at a young age to cancer, I had decided I wanted a different future than the path I was currently on. At a young age I was a struggling student who didn’t excel very well academically and college wasn’t really in the cards for me, but I was always a disciplined worker. When I had put my mind to something, there was nothing that was going to stop me from reaching and exceeding my goals I had set for myself. So, as life had evolved, so did my desire for freedom. It was never much about the money for me, but it was about the success and the freedom that accompanied that success. Over a decade ago, I decided to specialize in just one sector of the market. I knew that I only needed to be proficient at just one area of the market to achieve the goal I had set forth. Trade passively while producing massively. Well, that’s exactly what I did. After several years of failed attempts, endless education, trial and error - I had finally yielded myself the success and freedom I was desiring. After making myself over $1,000,000.00 trading this very method, it was time to share my success with those who also desire the freedom I did. After a lot of work, time, effort and sacrifice - Big Energy Profits went from merely a concept into a very real reality.