Sep. 11 at 4:41 AM
$SPY
https://wolfstreet.com/2026/09/10/ppi-shows-surging-inflation-across-prices-that-companies-pay-each-other-the-fed-should-stop-dilly-dallying-around/
Well, the PPI reports are brutal, but I still believe the FED lets it run hot after the CPI drops tomorrow.
Next Wednesday they stay on hold.
Maybe wait for the PCE on September 30th.
Then at the October 28th conference they might raise. Maybe? I doubt it.
I still believe miners have one more huge surge prior to a wave 4 drawdown.
Energy will conclude this cycle as the economy goes into a named recession in mid 2027.
I could be wrong? Time will tell.
It’s been my call for several years now.
I’m riding it out. 👍
$B $ET $XOP $EXK