Inflation accelerating…. large cap panic bids — small caps negatively diverging

large cap panic bids — small caps negatively diverging

Small Caps & WTI Synchronized Decline!

Small Caps Warning

Inflation Accelerating? Yup.

▪CPI (June): 2.9% = fastest pace since January 2012
▪PPI (June): 3.4% = fastest pace since November 2011

Check out the #CPI for laundry equipment courtesy of #tariffs earlier this year
@PantheonMacro @SoberLook

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