INTRADAY ALERT: June Core CPI +0.06% MoM, way below consensus +0.21%. Inflation FALLING LIKE A ROCK

THIS INTRADAY ALERT IS SENT SOLELY TO CLIENTS OF FUNDSTRAT GLOBAL ADVISORS

June Core CPI released this am and came in at +0.06% MoM, versus consensus of +0.21%. Whoa. Inflation is falling like a rock. This is now the third "lower than expected" Core CPI and each of these is seeing a faster decline in inflation.

This was a good inflation report with the downside in shelter finally. Shelter rose +0.20% MoM, a huge break in pattern from +0.4% to +0.6% MoM consistently o...

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