Warning: March 2024 Inflation Not Transitory
The U.S. BLS posted March 2024 inflation.
1. The inflation rate rose to 3.2% over the last 12 months.
2. Energy and Shelter +2.1%, +0.4% M/M and +2.1%, +5.7% Y/Y.
3. Food +0.1% M/M and 2.2% Y/Y.
Beware of media talking heads now spinning "this is fine," rate cuts to fuel inflation.
Short AI Stock Update
It took a while to play out. However, I had confidence this paper short on a practice invrs page would pay off.
The massive stock dilution will send the short bet worth $80,282 back to the book value of $83,385.
Position: