CPI data has just been released! On the surface, it looks pretty good, but don't celebrate too early!
Core CPI only rose by 0.2%, lower than Nick's forecast of 0.26%, and the surface data does indeed seem stable. But upon closer inspection: inflation shows signs of rebounding compared to March, and it's still a distance away from the Federal Reserve's 2% target!
Breaking down the data:
Rent skyrocketed by 4%! This is the main contributor to inflation not coming down!
Energy prices are like a roller coaster, temporarily pulling CPI down
Overall food prices decreased by 0.1%, but egg prices surged by 49.3%! Can afford bread but not eggs?
New car prices are stable, used car prices fell by 0.5%, flight tickets also decreased, but car insurance has quietly increased a bit
Medical, education, and daily necessities are all secretly rising!
The key point is here! Inflation is indeed cooling down, but don’t be fooled by appearances:
The drop in energy prices masks the real problems! Rent and the service industry are the stubborn elements! Food prices are pitifully low, and the impact of tariffs hasn’t fully manifested yet!
U.S. stock futures have turned positive, the fear index VIX has dropped to 18, and everyone is starting to sell U.S. bonds to grab risk assets. But don’t forget - Bitcoin is close to its historical high! Is it time to chase the rise? Be careful of standing guard at the mountain top!
My strategy remains unchanged: in the short term, Bitcoin can still surge, but the historical peak is right in front of us, so tread carefully in risky ventures!
Recently, I plan to stealthily position a potential coin that is preparing for a huge surge; doubling it is quite simple, and an expected upside of over 10 times is not an issue. If you want to follow along, like and comment for a free share!
