Inflation Watch: Even The Highly Gimmicked CPI Is Nearing 3%

Inflation is now strong enough that even the heavily massaged CPI metric is showing it well above 2%.

Indeed, based on this morning’s release, the CPI is rising at its fastest pace in six years. Year-over-Year, CPI is rising 2.8%. Bear in mind, this metric doesn’t include food prices, energy prices, and other important factors… which are all higher.

This means that CPI now joins, the Fed’s UIG inflation measure (now at 3.2%) in revealing that REAL inflation is well over 2% and likely at 3%.

Put simply, BIG inflation is on the way, and it’s going to send risk assets through the roof (remember stocks LOVE inflation at first).

This is the “White Swan” I’ve been forecasting since the end of March 2018. This is going to push the S&P 500 to new all-time highs. And it will mark THE blow-off top for the markets. Yes, I mean THE top will be in for years to come.

We all know what’s coming afterwards.