Oil Leads -> PPI -> CPI aka Inflation๐ต Unpopular Opinion๐ต
PPI MoM came in today lower than expected at 0.2! But as we can see here below. OIL price is curving up. OIL leads, then PPI ( Producer Price Index ) goes up, leading to Consumer Price Index goes up! ๐ญ
Oil ๐ PPI ๐ CPI ๐
"Soft Landing" they said! More like kick it to tomorrow! Let the future handle recessions and problems! Future Generations pay for our Consumption! Always been!
#Bitcoin will be "The Flight to Safety" as Larry Fink BlackRock CEO puts it! ๐ค๐ค๐ต๐ต
Shout out to TradingView for being an awesome platform for Investors and Traders! ๐๐