This is my personal vehicle for managing my investments… Trying to create long term compounding. Peter Lynch Disciple. In search of the next 100 bagger.
Joined March 2022
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$VRTX should start to get going as biotech makes new highs; Casgevy and IgA platforms should start contributing to revenue meaningfully within 1-2 years
Worldwide Capital retweeted
Another day, another hot inflation report.
Business inflation surged in September to 6.3% (!). The expectation was 5.4%.
Every category of business inflation was hot, even after stripping away energy costs.
It's inevitable that companies will pass some of these costs along to consumers. It's yet another reason this fight against inflation is likely to be longer than anyone wants.
Business (wholesale) inflation: 6.3%
Consumer Inflation: 3.7%
Worldwide Capital retweeted
Set aside the collapse in AI shitcos for a moment and take a look at the Treasury market, which is providing the clearest warning signal of them all
Today's hot inflation report managed to send yields higher for all of 30 minutes, only to be met with relentless downward pressure that has continued overnight, wiping off 20 basis points of yield in less than 24 hours
This is bear market price action
Worldwide Capital retweeted
This is a rough September inflation report.
-Biggest monthly jump since May
-Higher than expected inflation AND core inflation
-Core Inflation for the past 3 months is running at well over a 3% annualized pace...that's problematic
-Inflation (3.7%) totally wiping out wage gains (3%)
Yes, high gas and diesel prices are the major driver, but also big jumps in airfares, used car prices, recreation, medical and apparel. The energy shock is spreading.
