Well, Wall Street right now, it's cheering on April's CP I print showing the fact that inflation may be cooling at least on a headline basis.And we are seeing green right now across the screen in reaction to that print.
But you're seeing a bit of an out size move to what you would typically see off this kind of CP I print and you guys were just mentioning, I think it's because today is a little bit of a different CP I day where we also have retail sales, you have retail sales come in weak, weaker than expected retail sales flat.
So it's usually a goodwill measure to see what people are pricing in that day and sort of what the reed is on the fed if you look and the Russell is well below the S and P 500 it usually means people aren't feeling, feeling too bullish on rate cuts and sort of vice versa as well.It's really important to point out and it also tells us maybe about what the leadership will likely see then or lack thereof or underperformance that we could see in the markets over the months to come.
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Warren Buffett keeps building Berkshire Hathaway's cash pile because bargains are scarce and he seems worried about the world, Steve Hanke said.Dividend stocks are gaining momentum following major technology companies announcing their first-ever dividends this year. Americans are also starting to prefer dividend equities during the current inflation storm and expectations of a higher-for-longer scenario. In this environment affordable stocks that pay high dividends are in the limelight.
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