 Brian What's going on folks? This is Jacob Schupfield in for Tom O'Brien. He will be back tomorrow Let's take a look at what we got going on. All right first thing CPI was obviously higher today. We'll take a look at that higher than anticipated The 10-year Treasury rate right now is 4.17 percent We have the ES mini trading down about two percentage points right now the Russell off almost 5% trading down 4.6 percent NQ's down 2.18 the Dow futures down roughly 2% as well the gold contract on its way down trading at 2005 right now obviously had a few days of well, let's just say basically today Huge volume to the downside here Pretty impressive on that take a look at silver down equally about 3% I'm gonna take this off the two week Looking at copper that is also down although moderately trading down point five two percent and then crude oil We're actually up today trading seventy seven seventy two a barrel. That's on the futures contract We'll take a look at the dollar You know we've been pretty consistent that 104 level and it looks like we're making our way up at least to touch The 105 level in the dollar meta down 166 today Let's take a look at the spy as well Trading down about 2% were 491. You were in the den. Tom was also talking about the spy. He says But basically 49 to 42 in the spies where that has he says the fat lady sings and we'll see what we can do at that pullback level Would be Kind of interesting to see it pull back to that because I feel like that would be a perfect spot to get in I mean we've been making all-time highs consistently This is on the idea that we're gonna see some kind of rate cut at some point this year Obviously CPI was pretty rough and we can let's look at it, right? Because I had been speaking I think in the beginning at least of January There was some news that would suggest Volatility in energy prices, right? Which is not included in the core CPI, but still it would have contributed to a higher CPI We actually didn't see as big of a jump in Kind of crude is it's kind of I expected right as the days went on you saw a lot of stability of course trading up like 77 now But we were hanging around that 72 level in crude oil and actually what really Contributed to higher CPI today Was the core so let's take a look here and can talk about it All right, so obviously food and energy get cut out of the core CPI just because it's volatile Really your big moves here were food away from home up 5.1 percent. We spoke about that a little bit especially when we were talking about the comments that the Donald's CEO had made right that you know prices are just going higher and we need to really figure out What to do about that limited service meals and snacks up 5.8 percent. That's a 12 month percentage change all these figures are Okay, so we had some movements up in these Natural gas piped actually down 17.8 percent gasoline all types down 6.4 percent now This is of course on the 12 month and then fuel oil down 14.2 percent Over the 12 month percent change one of the highest contributors To this kind of weighting that we saw today shelter up 6 percent rent rent up 6.1 percent owners equivalent of rent Residences 6.2 and then what blew my mind really is motor vehicle insurance And now I think at the end of last year. We were really talking about that quite a bit But even on my end I got hit twice on increase to my premium because I moved and Just my age as well, it's pretty insane, so you know if we take a look at We had going on it was 3.1 percent total and then it's actually something like 3.4 percent on the core Which is you know intense, right? So I mean you have this like actual You know pressing issue that's not just due to volatile products It'd be interesting to see you know you had Powell said at the last Fed meeting That they need to wait to gather more data before they can make a decision on rate cuts it for sure was it going to occur in March or anytime before then and You know again, I think the problem is this pushes out the horizon as I've been saying right? So so what does it mean for the market making these all-time highs? I mean, I think you're seeing this in the pullback currently, right? And people are going to try to probably position and I say people as in like these large investors Probably have to kind of figure out how they want to pivot themselves on this speaking of things that really weren't Super hit in any capacity. I mean the video is only down point eight two percent today still cooking strong at seven sixteen I want to see what arms doing because I haven't checked it this week So down pretty significantly as well at seventeen point eight four percent You know you had big investment from soft bank on this they that really contributed to the increase in the price You know that can be worrying sometimes But I would say with arm to is this is the only company that's making these chips, right? And this is the stuff that goes into your phones I Mean that's obviously a pretty significant drop of course following a pretty significant rise and we're still shaking out Far above where we're at trading around this seventy three seventy four dollar area You know before this shoot up and then subsequent pullback I'm going to be following this for the rest of the week and kind of seeing you know what the market wants to do with that anyways pretty Pretty insane movement in the market today. You're talking a little bit about that car insurance premium Because I was curious about this as well and there was a bunch of articles going on regarding all of it So let's talk about this American motorists are spending less on fuel than a year ago But any savings are likely to be being basically absorbed by soaring car insurance premiums Although price at the pump in December were nearly 2% lower than a year ago auto insurance rates jumped 20% over that same period This is of course from that Labor Department data That was released on Thursday of last week insurance coverage for outpace the rate of inflation Rising six times faster than consumer prices overall last year and that was the thing when I when the agent called me He was like hey man. Yeah, it's just like inflation and that and you move so you're getting hit twice But you know I wanted to kind of give him a hard time even though it's not really his fault and be like well You know I'll go look somewhere else then but you're not competitive I mean for the coverage that you know I need and everything and you're not Gonna get anything lower and it's kind of a shame with that several factors driving up the cost of car insurance including lingering issues from the pandemic vehicles are more expensive and costlier to repair and Then inflation also drives up the cost of computer components and other parts required for repairs And this is only going to get more complex right these additions to different kind of like edge computing on the computer on the car I Mean you're gonna see a lot of weird things in the coming years on that I could talk a little bit about that Maybe at the end of the show Anyways also a shortage of mechanics is a huge thing as well folks. Stay tuned We have basal Chapman on today, and then that's gonna be followed by Tim ord I'm sure both of them are gonna have some pretty interesting things to talk about regarding today So folks stay right there, and we'll be right back Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out Teddy Keg stats tiger forex report Teddy Keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures Forex stocks and options Teddy releases his weekly tiger forex report every Monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30-year t-bonds as they both influence forex markets tremendously When you sign up for the tiger forex report you also gain instant access to Teddy 60 minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30-day tiger forex report subscription today visit? 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