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Thursday
Deep Value Investing · 2026-06-23 · via All Articles on Seeking Alpha

Summary

  • I've been less hawkish on inflation lately. Thursday is the first print that could put real distance between the herd and me (or prove to me that I'm dead wrong).
  • Core monthly is the main number I'm keeping a close eye on. The headline is likely going to be ugly (4%+ y/y), and I think the market already expects that.
  • 0.2% monthly on core PCE annualizes to 2.4% (rate-cut territory). 0.3% m/m runs to 3.7%, so that may justify hikes later this year.
  • Long term, I remain bullish on the broader markets. Near term, I'm watching whether to rotate some capital into AI bottleneck names or simply raise a bit more cash.
Towering Roller Coaster Against Cloudy Sky in Blackpool, UK

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I don't usually spend a lot of time on individual economic report previews. Most of the time, you get a number, markets move for a day or two, and then everyone forgets about it by the weekend. Big deal…

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