I believe its premature to declare the war on inflation over never mind won. Today’s PPI report was UP: Producer prices in the United States increased by 0.2% in October compared to September, the Bureau of Labor Statistics said in a report on Tuesday. Compared to October 2021, the Producer Price Index (PPI) rose by 8% year over year. Tell me how is this a good report? Well it the old Wall Street trick. Raise negative expectations beyond what the report will show. And when the report comes in “lower” then “expectations” (even if inflation was up) declare it a win for the inflation is dead theory and rally the shit out of the stock market. The PPI for goods grew by 0.6%, while the index for services fell by 0.1%. Producer prices less foods, energy, (core) and trade services were up by 0.2% on a monthly basis and 5.4% annually. See i call this inflation still rising, sure as shit not moderating and get this the FED is not going to relent. So in my humble uneducated full of shit opinion this pink champagne party they are throwing at the Hotel Wall Street means the peoples money can go in but never leave. So i see this as a great big fools rally in a bear market and i want to short the shit out of it. Come to think of it we ARE shorting this insanity.