CPI CONTINUES TO GROW. HERE ARE THE FACTS THAT EVERYONE MISSED 🚨 🔻 Headline CPI: 3.6% YoY (exp: 3.6% | prev: 3.4%) / +0.6% MoM (exp: 0.6% | prev: 0.4%) 🔻 Core CPI: 2.5% YoY (exp: 2.5% | prev: 2.4%) / +0.2% MoM (exp: 0.2% | prev: 0.3%) What should frighten us is the growth of Core CPI itself! This is the metric that excludes energy and food—making it the most relevant indicator for assessing consumer inflation. Core CPI rose due to increasing prices in the Shelter component, signaling pressure on the consumer. If it had been just a rise in Headline CPI driven by energy, it wouldn't have surprised anyone, as high oil prices have long been priced into forecasts. But now, signs of price growth OUTSIDE of energy are emerging. 📊 What is logical to expect now? An increased probability of rate hikes, which were adjusted in early October following a weak labor market. This creates room for a new round of US Dollar strengthening, which in turn is a fresh negative for the stock market and crypto market. October 28th will be a decisive date: whether the Fed will go for another hike this month after the September increase. Williams' recent statements showed that policymakers were ready to wait until December. But what will they do after a CPI report like this? My view is that it is entirely realistic to see neutral rhetoric from policymakers. This could put pressure on the dollar and support risk assets starting as early as next week. These are my expectations for a market reversal. 🤔 What are your thoughts?