Inflation Wow , I hope you guys are shorting this ! Anyway I'm not. Sure is a kick to the gon$ds. Ouch !
Now tell me this ,
here old Powell is threatening another rate hike , the market is factoring a 50 bp. If it's more we will see this stock market retract some more. They are always behind the times when it comes to trying to keep inflation in check ... to keep it in the goal of 2 percent per annum. The question , sorry I am taking a long time to ask this , is when do they start easing the monetary policy ? Leading indicators such as home building in the States is already dropping . People are being layed off left and right. Also , same with the RV industry, there has been multiple plant closures. Spec building in the US has basically disappeared and lumber prices are less than 1/3 of the peak. These are leading indicators and we have seen these dropping for the last 2-3 months. Thoughts ?
Anyway we still have the financials coming out on CPG on July 27th and they should be pretty good. The stock price as cheap as it is , is a great opportunity for the company to retire more shares and for us to increase our volumes in our portfolio . Anyway Glta. Hang in there folks !