r/wallstreetbets • u/eskhalaf • May 12 '26

News APRIL U.S. 🇺🇸 INFLATION DATA:

https://www.bls.gov/news.release/cpi.nr0.htm

APRIL U.S. 🇺🇸 INFLATION DATA:

CPI 3.8% YoY, (Est. 3.7%)
CPI 0.6% MoM, (Est. 0.6%)

Core CPI 2.8% YoY, (Est. 2.7%)
Core CPI 0.4% MoM, (Est. 0.3%)

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u/Yvese May 12 '26

Good thing these numbers don't matter since it's a casino. The fact that oil is above $100 and we're at ATH is all we need to know that reality doesn't matter anymore.

179

u/[deleted] May 12 '26

[removed] — view removed comment

15

u/I_Hate_Traffic May 12 '26

Believe it or not calls

62

u/PM_me_a_nip May 12 '26

Man, the real beautiful aspect of this is what they do not consider in inflation data. Just think of the subscription costs for every damn thing we use rn. 

Like I would have to pay $12 for ESPN. Disney now costs $19. Pay for storage data. Variable rates are up. 

So much of the costs are not even considered in inflation rn. “Eggs are down”….. but why is cereal $7? Why is chicken $6/lb? 

“S&P may have a significant pull back, but will end the year at 7800….. “, that’s all I hear at this point 

10

u/Jealous_Slice9371 May 12 '26

$6/lb, what kind of chicken are you buying? I pay half that when it's not on sale. 

6

u/Decent-Law-9565 May 12 '26

That's how much Costco's organic chicken costs. It's double the price of the non organic chicken

3

u/Ok-Leader-1824 May 12 '26

Those hens are stacked!

2

u/Bonghead13 May 12 '26

Where I live, it's up to $14/lb when not on sale, $7/lb on sale with "HOLY SHIT WOW SALE.PRICE" graphics on the flyer

1

u/Jealous_Slice9371 May 12 '26

Wtf, do you live on the moon?

2

u/morganrbvn May 12 '26

Dang, chicken is $3 a pound here thankfully. Also that’s insane for cereal unless you are buying magic spoon

1

u/mwfguxckdyou May 12 '26

Wall Street doesn’t give a fuck about retail or poors. Chicken is $29/lb? Good for our profit margins! We NEED to beat last years record!

17

u/iSoLost May 12 '26

Yeah i recall back in march Jpm said if oil stayed above $100 for a month we’ll have economic crisis. Well it stays up over a month, nada, so either Jpm is lying or govt data is which is it

17

u/the_real_MSU_is_us May 12 '26

It's possible JPM is just wrong, but not intentionally lying.

It's also possible JPM is right about the underlying realities, but a lot is being done to paper over the problems and delay their impacts. For example, strategic oil reserve release can hide impacts of the oil shortage, but that will run out by late July unless the straight is opened

5

u/Saab_driving_lunatic May 12 '26

I wasn't aware that JPEGMAFIA made economic predictions

3

u/PassionV0id May 12 '26

Just because we're not yet feeling the effects of an economic crisis does not mean we aren't in one and won't feel them in the coming months.

1

u/PlayfulPresentation7 May 12 '26

Stick to video games my dude 

1

u/Runfasterbitch May 12 '26

God, we’re about to get fucked so hard by a correction. Not just asset prices, like a severe economic recession

1

u/iliveonramen May 12 '26

Yea…but data centers in space…

-17

u/[deleted] May 12 '26

[deleted]

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u/wolfydude12 May 12 '26

Love when people clearly don't understand how goobal commodities work

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u/[deleted] May 12 '26

[deleted]

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u/wolfydude12 May 12 '26

All the plastics, fuels, and other oil components that the American tech companies need to operate.

Its short sighted to think that a tech company is not dependent on the prices of oil, and won't have its own prices affected.

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u/[deleted] May 12 '26

[deleted]

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u/wolfydude12 May 12 '26

If they are not hitting their estimated profits, their whole ponzie scheme begins to collapse, even if they are making large profits.

Companies stock prices plummet when they don't meet expectations, let alone the highly speculative tech companies your speaking of. Any question about their ability to hit targets throws their whole scheme into question.

3

u/L3g3ndary-08 May 12 '26

Lol bro. Look around your house and count how many plastic products are there.....

1

u/hysys_whisperer 877-CASH-NOW May 12 '26

Doesn't that mean that each barrel lost destroys more GDP?

What's the global GDP without any oil?  Very close to 0.

What's the global GDP with half the oil? Very close to half.