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Let’s cut straight to the chase. Thanks to this morning’s shocking inflation report, the market is experiencing a massive shift right now. And if you want to make money over the next 12 months, you’ve got to buy the stocks on the right side of this transition.
Indeed, as it turns out, June’s Consumer Price Index (CPI) report was notably soft. Inflation ran lower than expected across the board last month. The headline rate fell all the way to 3%. And consumer prices actually dropped month-over-month for the first time since COVID emerged in early 2020.
That soft inflation report – coupled with the fact that, as of June, the unemployment rate has already ticked above where the Fed thought it would be by the end of the year – all but guarantees that the central bank will start cutting interest rates soon.