U.S. Consumer price index (CPI) blows out in August 2023 to 3.7% from 3.6%, prior month. 10 YR yield resistance is at 4.3%, which is at 2023 highs. The bond market is screaming for a rate hike from the Fed, as inflation has deeply imbedded itself into the American economy. NASDAQ bids are causing blindsided greed. Stock market has lost touch with reality.

September 13, 2023

U.S. Consumer price index (CPI) blows out in August 2023 to 3.7% from 3.6%, prior month. 10 YR yield resistance is at 4.3%, which is at 2023 highs. The bond market is screaming for a rate hike from the Fed, as inflation has deeply imbedded itself into the American economy. NASDAQ bids are causing blindsided greed. Stock market has lost touch with reality.

Chart above says it all.

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