RE:Tomorrow
shenty46 wrote: Tomorrow cpi number would be somewhat good, but next two months we may see a sharp decline in inflation trend, setting a good rally in stocks, and may be some decrease in interest rates too. Biosteel with today deal is looking like too big to ignore
Shenty......I admire your enthusiasm regarding the CPI announcement tomorrow but I strongly disagree.
IMO.....the CPI will be pushed slightly in positive territory. Which for individuals that are not well versed in economics, that means the CPI will rise and not fall towards the negative side. Bottom line, inflation will most likely be flatlined or even increased but of course there's others factors to be considered. This is just my opinion and hopefully I'm wrong.
Good luck tomorrow with the announcement but I'm still convinced that mid to late 2024 is the new era for the US cannabis sector. Until then....I'll just hold long and wait patiently
G