— August CPI, due 9/13/23 becomes another focal point / the inflection point du jour. — A look back on US rate structure gives perspective (higher for longer?) — Still very constructive on the market with caveats on sector and valuation For the market every day is Groundhog Day Wouldn’t you like to wake up…
Tag: Groundhog Day
“Groundhog Day”
My title references the 1993, Bill Murray movie of the same name, where Murray plays an egotistical, obnoxious weatherman assigned to cover Punxsutawney Phil’s annual winter trip out of his burrow … very demeaning stuff. The problem for Murray’s character, Phil Connor (how ironic, another Phil) is that he becomes trapped in a time warp….