Central Markets by Robert Lloyd, CFA

The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the  information cannot be guaranteed. All opinions and outlooks are subject to change.

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The hope in May versus the reality of June



In May, we had an inflation reading called Core PCE (personal consumptions expenditure) that indicated a potential peak in inflation. Last week, another inflation reading on the headline CPI (consumer price index) was much worse than expected. Markets popped on the first, then melted on the second.


In the world of finance, the REACTION to the data can sometimes be more important than the DATA REPORT itself. At 8.6%, last week's headline CPI was only a bit higher than the 8.3% from the month before. However, the reaction was significantly negative as rates rose, bonds and stocks fell.


Here are a few slides that tell the tale.


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Robert Lloyd, CFA®

Chief Investment Officer

Lloyds Intrepid Wealth Management

Lloyds Intrepid LLC is doing business as Lloyds Intrepid Wealth Management. Lloyds Intrepid LLC offers investment advisory services in the State of Texas where registered and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. Lloyds Intrepid LLC and its advisers do not provide legal, tax or accounting advice. Lloyds Intrepid LLC formulates retirement plans, investment strategies, portfolio construction and investment due diligence for clients with signed investment advisory agreements with us. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. All opinions and outlooks are subject to change.

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