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

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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

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

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