No one seemed to notice the tariffs stayed at the 10% level. That's a very significant tariff. But it seems lower than the 20%, 30% and 40% rates he was originally waving around like a toddler with a gun. So now the market thinks 10% is a big improvement.

That's how you boil a frog.

The commodities like oil, gold, & silver are all up though.

And now we go back to the creeping decline.

There were some anomalies to yesterday's trading, but it's pretty hard to prove insider trading.

Yesterday was simply about the markets seeing that Krasnov isn't totally mentally ill yet, but he's still mentally ill.

Chris Hayes said it best yesterday. Trump set the house on fire and then after a period of time put the fire out, but the house is still partially burned.

has been triggering the markets ever since he first announced them and then delayed them several times.

There was the market buying "spike" last week on April 7th that was purportedly based on a purportedly "false social media post" - https://www.democraticunderground.com/?com=view_post&forum=1014&pid=3437425

And the markets dropped back down again after that. Yet that "post" apparently turned out to be true for what would eventually happen.

There are so many ethics violations going on with 45's staff that there could well be insider-trading but the ups and downs have been pretty broad because the tariffs have been broad. And a big issue too was what was happening to the bonds and yields, so someone had to put a stop to it with some kind of bizarre facing-saving gesture of increasing the tariff on China - the place where we import a significant amount of products (#2 behind Mexico) and dropping retaliatory tariffs (but keeping the general 10% tariff).

(I wrote this in reply to someone who sounded like with the big tariffs rollback, and the big nearly double-digit percentage climb in the markets, that the markets were getting back to normal. I thought I'd attach a copy here in this subthread about the market )

The S&P 500 closed Wednesday April 9 at 5457, up 9.5% for the day,
and down 5.6% from the 5783 election day closing level,
and down 9.0% from the inauguration-eve level,
and down 7.2% year-to-date,
and down 11.2% from its all-time closing high of 6144 on Feb 19.

The S&P 500 is almost but not quite back to where it was on April 2
so it's not like it has recouped the whole slide since February 19, nor will it.
https://finance.yahoo.com/quote/%5EGSPC/history/

Just so people understand that the "tRump trade" is still plenty underwater.

As for the tariffs - they are still the highest in a century. Not counting China. The 125% tariffs on China will have a big impact on prices and supply chains if it is kept on.

https://www.democraticunderground.com/100220225255
https://www.democraticunderground.com/100220225270

The S&P 500 is down by 2.7% as I post 10:23 AM ET 4/10. Not a humongous drop, but the wrong direction for supposedly fixing the tariffs problem. Dow down 2.4% (966 points)

which had been sitting in the $75 - $80/bbl range for awhile, but started a downward trend in January until it hit ~$70/bbl in March.

But then OPEC+ announced an increase in production at the beginning of April, and that along with the tariff talk triggered oil to collapse even more to ~$60/bbl and below, where it is now (and that latter event would be reflected next month).

Countering that are the food prices that went up some, but not as much as the energy dropped - and this was pre-tariff.

Trusting ANY statistical information coming out of this Administration is near impossible for me.

wants Jerome to lower those interest rates. I don't understand crypto at all, but I hear that's why he wants lower interest rates.

Take control of the critical information space and fill it with not just BS, but calculated BS. These questions of what is factual and what is BS info coming from the government is deadly minefield for a Liberal Democracy to try and navigate. Scary.

....if Trump's cronies are manipulating the stats to make Trump look good, how would we know?

I'm not buying anything but perishable groceries, and not much of those.
The stuff I've chosen not to afford is still too pricey for me.

And I'm sorry American voters screwed it all up by voting for the Dump Administration.

News report from the source: https://www.bls.gov/news.release/cpi.nr0.htm
CPI data series: https://data.bls.gov/timeseries/CUSR0000SA0
CORE CPI data series: http://data.bls.gov/timeseries/CUSR0000SA0L1E

I annualize everything to be comparable to each other and to compare to the Fed's 2% target

They are calculated using the actual index values, not from the rounded off monthly change numbers.

The CPI rise averaged 2.6% over the past 3 months on an annualized basis (core CPI: 3.0%)
The March one month increase annualized is: CPI: -0.6%, CORE CPI: 0.7%

REGULAR CPI


CORE CPI


Both the CPI and Core CPI 3 month rolling average will be helped a lot next month (the April CPI) when the huge January increase drops out of the 3-month window. But who knows what the incoming tariffy numbers for April will look like

rolling 12 months averages graphs are in the OP

I think BLS reports may need to be viewed with suspicion for now, given this Misadministration's propensity to lie.

Even within the DU community but in DE where I live gas prices are once again over $3 per gallon. Think I paid $3.15 the last time I filled up in Talleyville off Concord Pike. Eggs are more plentiful and have dropped from the ridiculous $8- 9.00 a dozen but prices have not returned to normal, still hanging at $5-$6.00 per doz range. Mortgage rates have ticked up to 7.046 after everyone expected a decrease for this year. But, of course, that was based on Biden's no-good, terrible economy.

The economic uncertainty and chaos across the board is not going to be kind to any of us.

The Trump fallout has only just begun.