We got the June CPI numbers this morning, and core inflation went up, again. Throughout the beginning of the pandemic, we heard constantly how the stock market is “forward looking” to explain it’s remarkable rebound. Yet, every time we get a LAGGING economic indicator like CPI, the market sells off more. Go figure!
Here’s what I’ve been reading this morning:
‘Your Odds of Making Money in the Stock Market’ – Tom Mullooly – Mullooly Asset Show
- What are your odds of making money in the stock market? On a day-to-day basis it’s basically a coin flip. But what about over a year? What about over 5 years? What about over 20 years? The longer your time horizon the more history is on your side. Tom breaks it all down in this week’s video.
‘Why the Financial Goalposts are Always Moving’ – Ben Carlson – A Wealth of Common Sense
- Most humans have a strange sense of never being satisfied. In this post, Ben writes about why so many people have trouble being content with how much money they have. Once you hit a milestone, the goalposts move a little further back.
‘U.S. Inflation Hits New Four Decade High of 9.1%’ – Gabriel T. Rubin – The Wall Street Journal
- Because of the lagging nature of the inflation numbers, we just got the June 2022 CPI readings this morning. It showed inflation continuing to rise to levels we haven’t seen in decades.
- If we’re getting technical about it, none of these people are wrong. A recession IS coming, but nobody knows WHEN. This article talks about what people are doing to prepare for a recession in the very near future.
ENJOY!
