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Eric Fry, “You need to recession proof your retirement now”

Eric Fry is sounding the alarm on the stock market. Several headwinds are all
converging, and he warns a massive sell-off could be just around the corner.
He’s holding an emergency update with a special guest to reveal a unique way you
can recession-proof your retirement.

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* The Latest Inflation Reports Are in… Is the Wild Ride Over?

Meet Louis Navellier

THE LATEST INFLATION REPORTS ARE IN… IS THE WILD RIDE OVER?

Let’s look at the latest CPI and PPI reports…

By Louis Navellier, Editor, Growth Investor Sep 12, 2024, 4:30 pm EDT September
19, 2024

Source: Katy Pack / Shutterstock.com

If you’ve been on a rollercoaster, you know there’s nothing like the slow,
steady climb upwards. You feel a mix of anxiety and anticipation. You know that
any second, you’ll reach the peak before plunging downward.

Well folks, you don’t have to go to an amusement park to experience these
feelings. Inflation can take you on a similar ride.

Just like a rollercoaster, inflation can be dizzying and unpredictable. And the
best way to pinpoint what is driving inflation higher or lower is by tracking
two key reports: the Consumer Price Index (CPI) and the Producer Price Index
(PPI).

These reports act like your rollercoaster’s blueprint, giving you clues about
the upcoming highs, lows, twists and flips that impact everyday prices.

So, in today’s Market 360, let’s discuss this week’s inflation reports. Then we
will gauge what can be expected of the Federal Reserve and its rate cut decision
at next week’s meeting.

I do want to note, however, that while investors have been focused on inflation,
there is another financial event creeping up that is set to throw the markets
into another chaotic ride. So, I will also share the details of this coming
event with you today.

LOOKING AT THE INFLATION BLUEPRINT

CONSUMER PRICE INDEX (CPI)

Yesterday morning, the latest CPI report was released, and the markets weren’t
pleased.

CPI rose 0.2% in August, which was in line with economist’s expectations.
Year-over-year, the CPI rose 2.5%, just below expectations for 2.6%, marking the
smallest 12-month increase since February 2021.

The disappointing news came from the core rate. Core CPI, which excludes food
and energy, rose 0.3% in August and remained at 3.2% year-over-year. Economists
were calling for a 0.2% monthly rise and 3.2% yearly increase.

Looking deeper into the numbers…

* The energy index slipped 0.8% after remaining unchanged in July.
* The food index increased 0.1% in August following a 0.2% rise in each of the
past two months.
* The index for used cars and trucks fell 1%, after a 2.3% decrease in July.

Now, I should also add that owners’ equivalent rent (OER), or shelter costs, has
been one of the biggest sticking points to cooling inflation further for some
time now. The index rose 0.5% in August and was up 5.2% year-over-year. So,
despite evidence that home prices are being cut all across the country, it’s not
yet showing in the data.

PRODUCER PRICE INDEX (PPI)

This morning, we got a look at the latest PPI report, and it met expectations.

PPI rose 0.2% in August, which is what economists were calling for – and the
index is up 1.7% in the past 12 months. That’s down from 2.1% in July and it is
the smallest annual reading since February.

Core PPI, which excludes food, energy and trade margins, increased 0.3% in
August. That’s the same reading as July, but was slightly above expectations for
a 0.2% rise. And for the past 12 months, core PPI jumped 3.3%.

Digging further into the details…

* Final demand services rose 0.4% in August following the 0.3% decline in July.
One of the biggest factors in this August increase was due to guestroom
rentals, which rose 4.8%.
* Final demand goods were unchanged in August following the 0.6% rise in July.
* Food prices rose just slightly at 0.1%.
* Energy fell 0.9% after a 1.8% rise in July.

The bottom line is, when you look at the report as a whole, there are no alarm
bells ringing to warrant any panic from the Federal Reserve. It suggests that
inflation is cooling enough to fall within the central bank’s target range.

WILL THESE REPORTS IMPACT THE FED?

Now, the Federal Reserve is set to cut key interest rates at its policy meeting
next Wednesday, September 18. And these economic reports won’t change that.

The fact is inflation has finally been curbed. The Fed’s favorite inflation
indicator – the core component of the Personal Consumption Expenditures (PCE)
index – showed inflation is finally within the Fed’s 2% target. We’ll get a look
at the August numbers on September 27.

I should also add the 10-year Treasury yield has fallen to about 3.7%. In fact,
all Treasury yields have slipped lower, thanks to the inflation reports this
week. So, this further pressures the Fed to cut rates since it needs to get back
in line with market rates.

Also, the yield curve is now officially un-inverted, which means that the
10-year Treasury offered higher returns than the 2-year Treasury yield. That’s a
sign that things are returning to normal in the bond world, folks.

It also eases fears of a recession. Some analysts believe an inverted yield
curve is a good indicator that a recession is imminent. Thankfully, that hasn’t
been the case this time around.

So, a rate cut is baked in the cake for next week and will be the first cut
since March 2020. We will also get the latest outlook for rates going forward in
the central bank’s latest “dot plot” survey.

The Fed’s dot plot is a quarterly chart that shows Federal Open Market Committee
(FOMC) members’ projected outlook for monetary policy over the next several
months and years. And it’s incredibly important right now because the previous
“dot plot” in June only showed one key interest rate cut on the docket for 2024.

Now, earlier dot plots anticipated more cuts, and I suspect the Fed’s dot plot
for September will be back in line with previous expectations. In fact, I
anticipate three key interest rate cuts this year: one on September 18, one
following the November presidential election and then another in December.

THE START OF ANOTHER WILD RIDE

I know we’ve been on this inflation rollercoaster for some time now, but I think
it should come to a stop soon. Next week’s Fed meeting should also help the
markets stabilize and climb higher.

But, as I mentioned above, there is a different ride on the horizon, and one
that many don’t see coming…

It’s so serious that I call it a financial tsunami.

When this tidal wave makes landfall, its impact will be more violent and more
severe than any financial crisis we’ve ever seen.

And let me be clear… The financial tsunami that’s set to wreck our economy is
artificial intelligence.

The fact is, anyone who tells you AI is overhyped or a fad has not studied the
history of technological disruptions. They are not paying attention to what’s
going on today. And they certainly do not understand where we are headed next.

AI is a whole new economic force, it will prompt a societal shift, and it’s like
nothing you have ever seen before. So, how can you survive?

Some might think the best way to survive this tsunami is by moving off the grid
or buying gold. But the reality is, the way to protect yourself is by investing.
Owning shares of world-class companies has always been – and will continue to be
– an essential stronghold in times of technological change.

The stock market is the only place I know that allows you to align yourself with
innovators, entrepreneurs and wealthy corporations gaining a critical early
foothold in these new technologies.

In other words, it’s time to go stock picking – and I have found nine
world-class AI- and quantum computing-related stocks that are great buys now.

Click here to learn how you can access this exclusive portfolio of stocks.

Sincerely,

Louis Navellier

Editor, Market 360

--------------------------------------------------------------------------------

The Next Nvidia

Wall Street Legend has just uncovered a small Maryland company poised to be the
next Nvidia.

Few in the media are talking about this story yet… but in the next six months,
that’s all they’ll talk about.

But here’s the crazy part…

--------------------------------------------------------------------------------

Submit

Louis Navellier Editor, Market 360

MEET LOUIS NAVELLIER

Louis Navellier is one of Wall Street’s renowned growth investors. Providing
investment advice to tens of thousands of investors for more than three decades,
he has earned a reputation as a savvy stock picker and unrivaled portfolio
manager.

Learn more about Louis

--------------------------------------------------------------------------------

Article printed from InvestorPlace Media,
https://investorplace.com/market360/2024/09/the-latest-inflation-reports-are-in-is-the-wild-ride-over/.

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