Cutting Expectations

Cutting Expectations

This week’s big news was the release of the March CPI (consumer inflation) numbers. As feared, it came in hotter than expected. The year-over-year change in the CPI picked up to 3.48% last month. As you can see on the chart below, it’s been stuck in a narrow range...
LEXI Alert

LEXI Alert

  This week’s indicator is sort of like a tornado siren for the stock market. It produces an alert when market conditions get risky. But unlike a tornado siren, it also gives an alert when conditions get less risky. We call it the Long Exposure Risk Index—or...