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The Slugfest for Market Sentiment: Inflation vs Profits [StreetAuthority]    [Your $4,139 “gift”]( With every passing moment, the chance to claim Robert Rapier’s brand-new $4,139 “membership gift” slips further away. Don’t risk missing out on lifetime access to every income pick he releases… for the rest of your life. [Get the details here before it’s too late.](   The Slugfest for Market Sentiment: Inflation vs Profits By John Persinos  As companies this earnings season generally announce stellar results and outperform expectations, investors find themselves buoyed by optimism. However, this enthusiasm is tempered by the specter of elevated inflation. First, let’s look at the latest inflation data. The producer price index (PPI) for April was released by the U.S Bureau of Labor Statistics (BLS) [on Tuesday]( and it came in a bit warm. The PPI, which measures wholesale prices, was 2.2% for the 12 months ended in April, a gain that’s higher than the 1.8% witnessed in March. But better inflation news arrived Wednesday, when the BLS reported that [the consumer price index]( (CPI) eased in April, providing a modicum of relief for consumers although still holding above levels that don’t augur an imminent interest rate cut. The CPI rose 0.3% from March, slightly below the consensus estimate of 0.4%. On a 12-month basis, the CPI increased 3.4%, in line with expectations. Excluding the volatile components of food and energy, the ”core” inflation reading came in at 0.3% monthly and 3.6% on an annual basis, both as forecast. The core 12-month inflation reading was the lowest since April 2021; the monthly increase was the smallest since December (see chart). [Read More...](   [Obscure law forces this company to pay out 90% of profits]( An obscure 50-year-old legally binding “loophole,” has one company paying out $9 of every $10 it makes directly back to investors like you. Most folks don't know this company exists, but those who do are making a mint. [Here's how to join them.]( You are receiving this email at {EMAIL} as part of your subscription to StreetAuthority. To ensure that you receive these emails, [please add us to your address book.]( [Terms]( |  [Privacy]( |  [Unsubscribe]( ©2024 StreetAuthority 20 Pidgeon Hill Drive, Suite 202, Sterling, VA 20165 All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited.