Rabu, 10 Mei 2023

DTI Daily Rundown - May 10

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On TBUZ TV Today:

4135.00 Pivot.

4175.00 Resistance

4095.00 Support

Opens: 2023 3895.00; 2nd Quarter 4127.00; May 4190.00.

May 10—New MTI spots open today!

Early CPI: Broader range prepared for.

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Market Review:

CPI Excluding Food and Energy

The reason we have the Excluding Food and Enjoy portion of the CPI is that the volatile Food and Energy portions tend to lend a rather unstable read to CPI. When the Report comes out, the top line number includes food and energy, the bottom-line number excludes them.

Interestingly the Top line number has been lower than the bottom-line number in the last few reports. What this effectively means is that Food and Energy costs have been pushing down inflation. In other words, without Food and Energy calculated in, inflation is higher. I keep telling myself that every time I stop at the grocery store or fill up my car. I know it seems like I'm paying more, but CPI tells me differently.

Inflation is still with us. The only question is how long it will be maintained.


Over 70% of stocks track with the S&P 500 Futures

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Major Events:

May 11 PPI

May 12 Consumer Sentiment

May 15 Empire State Manufacturing

May 16 Retail Sales

Key Numbers Opens: Above or Below

4190.00 is the open of the Month

4151.00 is the open of the Week

4133.00 is the open

4077.25 was Friday's open

3895.00 is the open of 2023

What's Hot and Not!

MTI by DTI

May 10—New MTI spots open today! Join us tonight for the Wednesday on the Web presentation at 8:00pm ET. You don't have to wait until tonight. You can sign up right now for one of the remaining spots. The spots are limited so join early.

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