3/17/2016
By Charles Payne, CEO & Principal Analyst

The latest Consumer Price Index release underscored what many have felt about this economy for some time.  Backward prosperity as measured by cheaper things happening from the strong dollar and central banking actions around the world.   Gas, air fares, TVs and appliances are cheaper.

But those breaks are erased by Obama’s administration policies which have been a yoke on consumers and the economy.   Prescription drugs, hospitals services, college fees and health insurance are rocketing.

There are a couple signs of some economic improvement including moving and storage, hotels and prices for watches.

These developments are finally reaching the ivory towers of the Federal Reserve, which cut its rate hike commitment in half from four.   Stocks took off on the news, but closed off the high, as it’s a sobering to think how poorly this recovery has been.

Gold soared and oil is on the cusp of a major breakout.    Carrizo Oil is breaking out here and has one more hurdle before lots of daylight. 

Charles Payne
Wall Street Strategies

Add a Comment!