INTRADAY ALERT: Nov core CPI details better than headline beat of +0.28% (vs +0.30%). Buy the dip.

The Nov Core CPI was released today. The headline was slightly higher at +0.10% vs +0.0% expected and the Core came in at +0.28 vs Street +0.30%. The more important fact is the details are better than the headline:

Of the top 4 contributors to core CPI in Nov:- Shelter +0.21% of +0.28%- Used cars +0.05%- Leased cars +0.04%- Vehicle insurance +0.03%Top 4 total +0.33% The entire rise of Core CPI was due to cars and housing. This is a theme we have see...

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