Et tu, Brute?

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Et tu, Brute?

Well, the CPI numbers just came out, and they are ice cold because, ya know, prices aren’t going up.

Well, the demolition of the bears this week is going to be a five-for-five affair, as the latest jobs data shows rising unemployment and weakening earnings, which is music to the Fed’s ears. Yep, wages are growing at 0.2% a month, which explains why a teenager can score over $20 an hour flipping burgers these days.

The SlopeAlerts feature on the site has been very active for me this morning, and not in a good way:

Yuck! I’m not liking this week one little bit! The ONLY good thing is that I lightened up so much, so the damage is attenuated. And what financial instrument is yanking the bulls out of the quagmire and into victory? Bonds, of course………..
