Artis Real Estate Investment Pref Shs Series E T.AX.P.E

RE:RE:RE:RE:Party on Wayne, Party on Garth!

[DZtrader]

Hey TJ, thanks for the informative input. Yes there is no doubt oil/gasoline is a bit of an outlier. Perhaps I should have tightened my commentary up a bit. While I find it too easy to simply remove certain things like gas and food from numbers I do get it to a certain point, in particular right now with oil having made a quick move up. Without getting into an overly long speil here, if cpi comes in as expected, luke warm, whatever you want to call it with the exception that gas prices have risen because of "short term" geopolitical risk, I think the market does see through and past this. Doesn't make things less costly, I know. While we did see a spike on the middle east turnoil I have also noticed talks are getting closer to resolving the conflict (at least the original one) with another eye now on the Iranian response which hopefully doesn't break out into a wider spread problem. Should that be contained I think oil comes in and thus the uptick in prices work itself back down and we hopefully continue a downward trend on inflation. I don't think it becomes impactful on the markets and that was the basis of my very short reply was pointing to.