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SPDR S&P 500 ETF (ETF:SPY), Vanguard Value ETF (ETF:VTV) - Why The CPI Inflation Number Was Not 'A Bearish Gamechanger' For Stocks

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SPDR S&P 500 ETF Trust (NYSE: SPY) took a big hit this week after the U.S. Labor Department reported a 4.2% rise in CPI for the month of April, the highest inflation reading since 2008.
The big inflation number spooked investors who are concerned the $6 trillion in COVID-19 stimulus could trigger hyperinflation, but Sevens Report Research’s Tom Essaye said Thursday the headline inflation number may not be as bad as it appears at first glance.
Digging Deeper: Essaye pointed out that a deeper dig into the April inflation number reveals airfare, used vehicles and lodging prices were all up 10% from a year ago. Essaye said those three markets endured massive, unsustainable jumps in prices related to specific catalysts: airfare and lodging prices jumped because of economic reopenings and used vehicle prices jumped because of semiconductor supply issues. ....

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The Geiger Counter: Sweet sounds of spring

Photo by Jenise Jensen / Jenise Jensen Photography
Don’t know what to do this weekend? Well, you’ve come to the right place. Pull up a seat to the counter, and I’ll tell you about everything that’s hot and happening.
I noticed something peculiar while browsing Facebook the other day: events for live music indoors. Concerts weren’t unheard of over the past year, but I don’t recall seeing so many advertised at once. It’s a sign that people want to get out in the community again and that coronavirus case numbers and vaccination rates are improving. ....

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Morning Three-Round Mock Draft

Morning Three-Round Mock Draft
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Morning ESPN's 2021 Power Rankings

Morning ESPN's 2021 Power Rankings
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Morning Potential Picks for the 49ers 12th-Overall Draft Selection

Morning Potential Picks for the 49ers 12th-Overall Draft Selection
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