CPI came in at 2.7 percent HIGHER than forecast. CPI was the number people wanted to see because it's the one that's the hardest for Trump to manipulate. If you look at the numbers the report clearly states we are starting to see clear indications tariffs are raising prices.
China now has a record trade surplus of 586 billion for the first half of the year. Again what was the point of the tariffs, level the playing field so we're not getting "screwed" in trade. What is the result, the country he said is screwing us has their best 6 month trade surplus in HISTORY. Surprise, China just started trading with other countries to offset the US tariffs and they are kicking our butts.
Yesterday it was money market investing at an all time high. Today it was leveraged ETF's are at an all time high, largely because people are betting the market will soon CRASH and they want in at 2x or 3x returns.