Catalyst Call

 

Jeanna Smialek writing in NY Times Feb. 13, 2024 Inflation cooled less than expected in January and showed worrying staying power after volatile food and fuel costs were stripped out — a reminder that bringing price increases under control remains a fraught, bumpy process. The overall Consumer Price Index was up 3.1 percent from a year earlier, which was down from 3.4 percent in December but more than the 2.9 percent that economists had forecast. That figure is down from the latest peak of 9.1 percent in the summer of 2022.

https://www.nytimes.com/2024/02/13/business/cpi-inflation-january.html

The next one-day tumble [after days somewhat sideways or down] will occur in early March -- tho with no catalyst - well, except for a niggling feeling that Nvidia and its tributaries is/are overpriced even tho it continues to improve earnings.