CPI DATA INFLATION REPORT LIVESTREAM

Summary

In this live stream, Ricky from Tech Put Solutions discusses the release of the June CPI data report for 2024, revealing a surprising 0.1% decrease in inflation to 3%, the first drop in 12 months. The market reacts positively, with energy prices, especially gasoline, significantly contributing to the decline. Ricky breaks down the report, highlighting key areas like food, energy commodities, and services, and their impact on the overall CPI. He also mentions a trade tracker newsletter and a live trading session for his audience.

Takeaways

• 📅 The live stream was conducted on July 11th, discussing the release of the June CPI data report for 2024.
• ⏰ The CPI data was expected to be released at 5:25 AM Arizona time, with the market anticipating a 3.1% inflation rate compared to the current 3.3%.
• 📉 The expectation was for inflation to decrease, which would be reflected on the Bureau of Labor Statistics (BLS) website.
• 📈 Pre-market session showed some volatility and selling pressure, with the market at all-time highs.
• 📊 The June CPI data report indicated a 2% increase previously, and the current expectation was for no change or a 1% increase.
• 📉 The actual released CPI data showed a decrease to 3%, which was lower than expected and the first decline in the past 12 months.
• 🔍 The core CPI, excluding food and energy, also saw a slight decrease to 3.3%, matching the level of June 2023.
• 🛒 Significant drops in energy commodities, especially gasoline, contributed to the overall decrease in inflation.
• 🚗 Gasoline prices dropped by 3.8%, which was a major factor in the lower inflation rate.
• 📊 Other areas such as new vehicles, used cars, and trucks also saw decreases, while services like shelter and medical care increased.
• 📝 The CPI report tracks specific line items month-to-month to measure changes in prices and inflation trends.

Q & A

What is the context of the video script?

The video script is a live stream by Ricky from Tech Put Solutions, discussing the release of the June CPI (Consumer Price Index) data report on July 11th, 2024, and its potential impact on the stock market.

What is the significance of the CPI data report mentioned in the script?

The CPI data report is significant as it indicates the inflation rate, which can influence the Federal Reserve's monetary policy decisions and market expectations.

What was the market expectation for the June CPI data report?

The market expectation for the June CPI data report was 3.1%, while the current rate was at 3.3%, indicating that the market anticipated a slight drop in inflation.

What time is Ricky conducting the live stream?

Ricky is conducting the live stream at 5:25 in the morning Arizona time.

How does the script suggest the market reacted to the CPI data report?

The script suggests that the market reacted positively to the CPI data report, as it showed a lower-than-expected inflation rate, which could potentially lead to a decrease in interest rates.

What was the actual percentage for the June CPI data report?

The actual percentage for the June CPI data report came in at 3%, which was lower than the market expectation of 3.1%.

What is the core CPI and what was its percentage in the report?

The core CPI excludes food and energy prices and is a more stable measure of inflation. In the report, it came in at 3.3%, a decrease of 0.1% from the previous month.

What factors contributed to the decrease in the CPI?

The decrease in the CPI was largely due to significant drops in energy prices, particularly gasoline, which saw a drop of 3.8%.

What is the Trade Tracker mentioned in the script and how can viewers subscribe to it?

The Trade Tracker is a service that tracks politicians' trades and sends out a free newsletter every Monday. Viewers can subscribe to it by clicking on the first link in the video description and entering their email.

What is the LPP Traders live trading session and how can viewers join?

The LPP Traders live trading session is where Ricky and his team trade live at market open. Viewers can join by subscribing through the second link in the video description.

How can viewers contact Ricky if they have issues with the links?

Viewers can contact Ricky by sending him a direct message via Discord or Instagram if they have issues with the links.