Monkey’s Market Minute w/c September 12th, 2022

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September 12th, 2022

The CPI will be published on September 13th and is expected to see year-over-year inflation cool to 8% (compared to 8.5% last month) while month-over-month ticks up slightly 0.36% based on the Cleveland FED. Again, the drop in the year-over-year rate is based on the fact that inflation moved much higher in the Fall and Winter of 2021, so the difference will narrow, but prices are still ticking up as per the month-over-over inflation rate.ย  […]

September 13th, 2022

There is a lot of bullish news happening, so I expect the rally to continue. The CPI comes out today (the 13th) after this newsletter will be published, but itโ€™s expected to be favorable. Year-over-year CPI is expected to drop from 8.5% to 8% but the month-over-month CPI will go up 0.36%. Again, the CPI surged in the Fall and Winter of 2021, so the CPI will continue to fall for the rest of 2022 even as prices continue to rise simply due to the nature of year-over-year comparisons. […]

September 14th, 2022

ย Biden released a massive 8.4 million barrels of oil from the SPR, creating a crude build of 6 million barrels. So without this massive dump, we would have had a draw of 2 million barrels. Last week there was another โ€œmassiveโ€ build reported, but the SPR draw was only supposedly 7.5 million. […]

September 15th, 2022

There were several articles on oilprice meant to depress energy prices, but nothing worked and energy commodities surged higher, by about 1.5% to 2% on the day. There are reports of higher production, less gasoline demand, China locking down, and a crude inventory build.ย  […]

September 16th, 2022

The Biden Administration denied the rumor from a โ€œsourceโ€ from the other day saying that the administration was looking to refill the Strategic Petroleum Reserve once oil was lower than $80 a barrel and was partially doing this to stabilize energy so that energy companies would feel secure investing in critical infrastructure and would have marked a departure for the democrats from demonizing energy companies and threatening to steal their โ€œevilโ€ profits through windfall taxes and price controls.ย  […]

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