Domestic Energy Sector Continues To Surprise
In his podcast addressing the markets today, Louis Navellier offered the following commentary. Cracking Housing And Services PricesThe Labor Department on Wednesday announced that the Consumer Price Index (CPI) rose 0.4% in April and 4.9% in the past 12 months. Although the CPI was in line with economists’ consensus expectation, what got Wall Street excited was that Owners’ Equivalent Rent only rose 0.4% in April, down from 0.6% in March and 0.8% in February, so finally the fact that housing and rental prices are cooling is showing up in in the CPI report. Also encouraging was that service pri...