US June CPI +% y/y +5.4% vs +4.9% expected

Highlights of the June 2021 US CPI report

• Highest since 2008
• Prior was +5.0% y/y
• Ex food and energy +4.5% vs +4.0% y/y expected
• Prior ex food and energy +3.8%
• CPI m/m +0.9% vs +0.5% expected -- highest since June 2008
• Prior m/m reading was +0.6%
• CPI ex-food and energy +0.9% vs +0.4% m/m expected
• Prior ex food and energy +0.7 m/m

Wage data:

• Real avg hourly earnings % vs -2.8% y/y prior
• Real avg weekly earnings -0.9% m/m vs -0.1% m/m prior

The US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel Read this Term has jumped around 50 pips across the board on the headlines and US equity futures Futures Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Read this Term fell. I'm watching bonds closely. The long end has sold off, pushing yields up to 1.38% from 1.36%. That's not a huge move but last time around, yields moved up and then later crashed lower.

In terms of details, used cars alone represented more than one-third of the increase in the y/y CPI as they rose 10.5% m/m. The shelter component rose 0.5% m/m compared to 0.3% prior.

• Energy +24.5% y/y
• Gasoline +45.1% y/y
• New vehicles +5.3% y/y
• Used cars +45.2% y/y
• Shelter +2.6% y/y
• Transportation services +10.4% y/y
• Medical care services +1.0% y/y
• Apparel +4.9% y/y

I don't understand how it's even possible that the price of a used car has risen 45.2% y/y. You're telling me a used car from last June that was selling for $20,000 is now getting nearly $30,000!?

Your washer and dryer beat your portfolio.