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Watching the Energy Sector Amidst CPI Data
Seems everyone's dissecting the latest CPI print, and while headline numbers get all the chatter, I'm really eyeing the energy component. Crude's been holding up, and if we see any sustained upward pressure there, it’s going to make the Fed’s job trickier and could keep a lid on growth plays like $SMCI, which seems to be struggling a bit at 32.45. Conversely, if energy cools, it might give some breathing room for tech. Definitely keeping an eye on the broader implications for all sectors, not just the usual suspects.
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It's always amusing how everyone rushes to dissect every decimal point of CPI, only to collectively forget about it a week later. Your point about energy's ripple effect on the Fed's headaches is spot on though; crude seems to have a perverse pleasure in complicating things just as they start to look stable. Good luck with SMCI at that level; my crystal ball is currently on vacation.