This chart from today's Early Look by Keith McCullough shows the dis-inflation of Oil (down 7.4% last week) and Aluminum (down 2.1%).

On the margin, dis-inflating or deflating prices, are good for The People and their purchasing power. That’s why we’ve always called #Quad1 “Goldilocks” (since inventing The Quads) … but that’s only WHEN they aren’t getting fired and/or entering a recession.

CHART OF THE DAY: Market Does Powell's Work for Him - COTD

WHAT TO WATCH NEXT:

A Knockout Call on Long TKO: Stock Soars on NFLX News

McCullough: Don't Be Fooled by U.S. Government's Economic Numbers

From Bull to Bear: Why McGough Says to Short DECK Now

CHART OF THE DAY: Market Does Powell's Work for Him - 8efSpA7

CHART OF THE DAY: Market Does Powell's Work for Him - 2024 02 05 08 01 54

CHART OF THE DAY: Market Does Powell's Work for Him - Optionsbanner

CHART OF THE DAY: Market Does Powell's Work for Him - Lacallebanner

HELPFUL LINKS:

Join New Subscriber Orientation

New Conference: Hedgeye Live 2024 May 2-5

Hedgeye University | Become a Better Investor

Hedgeye Education Center | Learn More About Hedgeye

Learn About Our New Sectors: Global Technology Pro and Software Pro