PSchoeff

CPI may be slightly lower for the month of June

PSchoeff Updated   
TVC:USOIL   CFDs on WTI Crude Oil
For the stock and crypto markets to bottom, the fed needs to pivot and begin lowering rates/stop raising them. The Fed will pivot once the CPI gets under control and would certainly pivot if unemployment spikes. Unemployment is still low, but commodities appear to be going down in price, at least temporarily and commodities affect the CPI. This is a good start. However, we will likely need to see multiple months in a row of commodities declining for things to look a lot better and for the FED to begin lowering rates. The market can still give short-term rallies however.
Comment:
From the left down:

Sugar
Cocoa
Cotton
Lumber
Corn
Wheat
Soybean Oil
Live Cattle

From the right down:

Gold
Copper
Silver
Platinum
WTI Crude Oil (US)
Brent Crude Oil (UK/EU etc.)
RBOB (gasoline blending component)
Ethanol
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