INTRADAY ALERT: June CPI report shows downside break in inflation = future path of Fed hikes likely lower = supports stocks

NEW: Section (above) added identifying Key Recommendations and Super Grannies

Today's June CPI was very good, showing a downside break in core inflation (core CPI) and hints of sustainable decline in inflationary pressures for the next few months. A few things we want to highlight:

Core CPI came in at +0.16%, a solid downside surprise compared to +0.30% consensus. This June CPI print is breaking down 3 anchored views of the "bears/hawks":- No "sticky inflation": as...

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