Markets Are Overreacting to CPI Report: JPMorgan's Kelly




“The big story here is that inflation is actually coming down,” JPMorgan Asset Management Chief Global Strategist David Kelly says of “Bloomberg Surveillance.” The CPI rose 0.1% from July, after no change in the previous month, Labor Department data showed.


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38 Comments

  1. I have a PhD in economics so let me rephrase what he is saying. He is saying that they are running out of bag holders for their crappy stocks so please trust us, this time what we are saying is the same what we have been saying since Jan but this time it's different I promise. Please buy our stocks, we need bag holders.

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  3. Bullish to the end. If you are investing into the market now, you will lose your money. Market makers say hey, FED will pause in Sept. because inflation is coming down (its not) and thus buy in people – – – but but in the same breath these guys now say the FED will front load all the rate hikes and thus, buy in in September. See what they are doing, whatever FED does, buy in because that is the only way this inflated market stays afloat. 14 years of near zero rates – we have the largest bubble in history. Ends badly.

  4. NOW IN ANYWAY US FED HAS NO OTHER OPTIONS BUT HIKING AT LEAST 100BP ON SEP 21ST AND THEY KNOW SEP CPI WILL BE GOING HIGHER AGAIN THAN AUG MEANS SEP CPI WILL BE +8.5% – +8.7% FROM AUG +8.3%!!!!!!!!! AGAIN US FED IS LOSING A HUGE FIGHT WITH THE US ECONOMY!!!!!!!!!!!!———– > AGAIN TOOOOOOOOOOOOOOOOOOOOO LATE TO FIX THE FINANCIAL ENGINEERING PROBLEMS!!!!!!!!!!!:)

  5. IT'S A BIG TIME TO BUY 'YEN' GRADUALLY INTO THE 4TH Q + IN COMING YEARS CHECK THIS OUT ——— > JAPAN CPI IS AT 2.6% – ITS 10YR YIELD IS AT 0.242% = (+) WOW JUST 2.358% VS US CPI 8.3% – ITS 10YR YIELD IS AT 3.424% = (+) WOW 4.876%!!!!!!!!!!!!!!!!:) ——- > MORE THAN +250BP DIFFERENCE BETWEEN JAPAN YEN VS US $ ——- > MEANS JAPAN YEN HAS MORE VALUE AS CURRENCY THAN US$ BASED ON (+) 250BP!!!!!!!!!!:)

  6. DO NOT DELETE IT BLOOMBERG!!!!!!!!!!!!! ——— >. AGAIN IT IS PARODOXICAL SITUATION THAT IF MORE AND MORE US$ BUBBLES + TOO EXPENSIVE T – BONDS ARE GOING ON AND ON ——- > MORE AND MORE DECREASING OF US HOUSEHOLDS NET ASSET VALUES INTO THE 3RD Q + THE 4TH Q, DEFINITELY BIGGER LOSS THAN 1ST Q + 2ND Q = TOTAL 7T$ +/- —— > MEANS FOR 2022YR ONLY MORE THAN WOW!!!!!! (-) 19T$ +/ – TO (-) 21T$!!!!!!!!!!!!!!!!!:) ——– MEANS (-) 10% – (-) 12% MORE ASSETS VALUES OF US HOUSEHOLDS WILL BE DOWN FROM CURRENTLY 143.8T$ BASED ON THE FED'S REPORT!!!!!!!!!:) ——- > AGAIN THIS IS ALL BECAUSE OF FINANCIAL ENGINEERING PROBLEMS FROM TOOOOOOOOOOOOOOO MUCH BUBBLED US$ + TOOOOOOOOOOOOOOOOOOOO

  7. P.S WE ARE SEEING THE LAST MOMENT OF US$ BITCOIN BONDS CHINA YUAN (+H.K$) EURO (+POUND) ——— > US$ IS NOT A SAFE HAVEN ASSET AGAIN SELL OFF EVERYTHING RELATED WITH US$ + T- BONDS ESP REAL ESTATE SECTOR!!!!!!!!!!!!!:)

  8. US ECONOMY IS NOT A SAFE HAVEN ECONOMY ANYMORE THAT AGAIN COMMODITY PRICES HAVE NO OTHER OPTIONS BUT GOING UP AND UP MUCH HIGHER THAN WHERE THEY ARE NOW ESP GOLD + ENERGY ( OIL & GAS & COAL) BECAUSE OF MORE AND MORE FINANCIAL ENGINEERING PROBLEMS ——— > AGAIN THE FED IS LOSING A HUGE GAME WITH ITS OWN US ECONOMY!!!!!!!!!:) PBOC LOST A WAR WITH ITS ECONOMY SINCE 3RD Q OF 2021 + EU HAS LOST ITS FIGHT WITH ITS ECONOMY SINCE 1ST Q OF 2022 AND NOW THE FED IS ALMOST LOSING A GAME WITH ITS OWN ECONOMY!!!!!!!!:) ——- > MORE AND MORE US HOUSEHOLDS NET ASSETS VALUES ARE SINKING FURTHER AND FURTHER DEEPER AND DEEPER INTO THE END OF 3RD Q + 4TH Q AND IN COMING YEARS!!!!!!!!!!!:

  9. FED and government overreacted especially 2020-21 and nobody was talking that few will get rich and everyone will pay later. Now when we still have negative real rates these people are afraid of overreacting😂

  10. AGAIN AND AGAIN THIS IS ALL BECAUSE OF FINANCIAL ENGINEERING PROBLEMS FROM TOOOOOOOOOOOOOOOOOOOO MUCH BUBBLES OF THE US$ = TOOOOOOOOOOOOOO EXPENSIVE US T – BONDS =. Sep 09th 2022 What is going on and on of US Households Net Asset Sum. ——- > Household net worth decreased by $6.1 trillion in the April-June period, or 4.1%, after falling about $147 billion in the first quarter, a Fed report showed Friday. The back-to-back quarterly declines pushed the total down to $143.8 trillion, the lowest in a year. The value of equity holdings slumped $7.7 trillion, while the value of real estate held by households rose by $1.4 trillion. household checkable deposits, or the money Americans have in checking, savings and money market accounts, soared to a fresh record of nearly $4.9 trillion.Consumer credit not including mortgages grew at an 8.51% annual rate in the second quarter, the fastest pace since the end of 2001. Business debt outstanding rose an annualized 7.67%.Federal debt grew 5.56%, about half the pace of the prior quarter.

  11. BREAKING NEWS!!!!!!!!!!:) 14:00 USD Federal Budget Balance (Aug) – 220.0B – 213.5B – 211.0B < ———– US HAS NO OTHER OPTIONS BUT PRINTING MORE AND MORE US$ AGAIN WHAT ELSE CAN YOU HEDGE AGAINST THE STAGFLATION EXCEPT GOLD + ENERGY ( OIL COAL LNG)?

  12. AGAIN AND AGIAN US 3RD Q GDP GROWTH WILL BE AGAIN (-) GROWTH FOLLOWED BY 1ST (-) + 2ND Q(-) GROWTH!!!!!!!!!!!!:) 3RD Q GDP GROWTH OF US ECONOMY WILL BE (-) 0.2% – (-) 0.3% AND 4TH Q WILL BE ALSO (-) GROWTH AND FOR 2022 US GDP GROWTH WILL BE AS I'VE SAID MANY TIMES (-) 1% – (-)2% ———– > HOWEVER 2023YR WILL BE EVEN WORSE THAN 2022!!!!!!!!!!:)

  13. FOR EXAMPLE) GOLDMAN SACHS IS DOING MUCH BETTER THAN JP MORGAN BECAUSE GS IS ALREADY STARTING ITS OWN BUSINESS RESTRUCTURING TO PREPARE FOR THE WORST ECONOMIC CRISIS EVER SINCE THE BEGINNING OF THE 20TH CENTURY!!!!!!!!!!:)

  14. AGAIN NOW WHO IS STILL DENYING THE FACT THAT S&P 500 INDEX IS SINKING DOWN TO THE LEVEL OF 3150- 3350 AS I'VE SAID MANY TIMES SINCE DEC OF 2021!!!!!!!!!!!:)

  15. This guy. I would love to see his company not be able to borrow from federal reserve who prints money for them. Got nerve trying to talk down inflation when it doesn't count food, gas, rent, housing prices, lol. Clown activity. 75 basis points cause Wall Street can live with it. Instead of 100-150 basis points if you are really trying to stop inflation. But keep printing money though

  16. AGAIN AND AGAIN THERE WILL BE MORE AND MORE +8% – +9% STAGFLATION COMING TO HURRICANE THE US ECONOMY THAT ———- > CHECK THIS OUT ——- > + 3.511%!!!!!!!!!!!!!!!!!!!!!:) ———— >U.S. 30-Year Bond Auction Alert Latest Release Sep 13, 2022 Actual 3.511% Previous 3.106%

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