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But we saved everything 🙂.
Charlie Bilello highlights that consumer price index (CPI) figures for March are expected to surpass 3 percent. He notes that official estimates are still coming in below 2 percent and suggests that adjustments to these numbers are likely in the coming weeks. Bilello points out this indicator is lagging, stating that if it were truly leading, it would have already reflected the 3 percent level in February rather than remaining below 1 percent.
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Bilello has recently commented on shifts across asset classes. He flagged a more than 2 percent decline in leveraged loans from January highs. In another update, Bilello noted that Nvidia's revenue jumped 73 percent in the fourth quarter, with Palantir, AMD, and Meta also reporting strong growth.