Uh oh

From CNBC:

Inflation increased 0.4% in September, more than expected despite rate hikes

Prices consumers pay for a wide variety of goods and services rose more than expected in September as inflation pressures continued to weigh on the U.S. economy.

The consumer price index for the month increased 0.4% for the month, more than the 0.3% Dow Jones estimate, according to the Bureau of Labor Statistics. On a 12-month basis, so-called headline inflation was up 8.2%, off its peak around 9% in June but still hovering near the highest levels since the early 1980s.

Excluding volatile food and energy prices, core CPI accelerated 0.6% against the Dow Jones estimate for a 0.4% increase. Core inflation was up 6.6% from a year ago.

The report rattled financial markets, with stock market futures plunging and Treasury yields moving up.

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76 Responses to Uh oh

  1. Chicago says:


  2. Chicago says:

    2Y 451
    10Y 406

  3. BRT says:

    lol, jesus. Sold those shorts too soon.

  4. leftwing says:

    “Today will be the worst market day since the subprime debacle. Lefty, you are about to get paid.”

    Not sure about either statement lol…I am net long don’t forget (small portion of portfolio)…My worst returning VIX position (naked) is down 0.6%, less than a third of market with better risk/reward profile…my SPY hedges (two) are saving me some pain, basically offsetting half of losses there…for chi, with the continuing declines of the index my hedge delta has popped and now near max gamma on one…

    META, GOOG, etc if the market wants to hand me shares at my option write prices I’m good with that…I’m marking losses but I’ll take META at 90 all day long…and in that regard on the SPYs even though I am marking losses now the position at expiration is breakeven between 300 and 370ish…The market wants to hand me SPY at 300 – which saves me the pain of more than 20% down on the ride there – I’m pretty cool with that…..

    I am encouraged by VIX behavior…spot is actually down….think we’ll bounce later based on that alone….to our prior conversation, not gambling, but an indication of the market view on uncertainty…although CPI sucked and market is down, VIX is coming in because that piece of uncertainty was removed from the market….just need banks and Brits to comply tomorrow….

  5. leftwing says:

    For any home gamers who want to dip a toe in….buy a handful of 11/16 VIX 32.50 Puts…

    Currently 4.10×4.20….

    Use only throw-away money, something that you would literally piss away to zero otherwise on a plane ticket or such…

    NOT FINANCIAL ADVICE…just for fun.

  6. leftwing says:

    chi, FFR futures topping at 4.90….

  7. Phoenix says:

    Got caught by prison guards. Guy has so much money he thought it was a payment to one of his mistresses. Haha.

    An inmate got phones, imitated a billionaire and stole $11M

  8. Fast Eddie says:

    Can someone explain the 1000 point swing on the DOW after hotter than expected CPI? Or, is there no explanation?

  9. No One says:

    Haha just kidding, stocks go up today, at least for a little while. Opposites day! Another example of why I don’t do day trading.

  10. Libturd says:

    This has happened nearly every CPI. Initially a relief rally once number comes out and then the delayed realization of how runaway our inflation is penetrates saner minds later in the day or the following weeks.

    Remember the ChiFi “boings?”

  11. BRT says:

    So I was poised for a bounce, account was down 4k before hours. Crazy thing was, I was looking at ES chart and the ES chart was lagging so I only saw green candle, not giant red candle. Wasn’t making sense until I refreshed the browser. I basically exited green after the relief rally today. I’m gonna sit this one out and ponder better short entry.

  12. leftwing says:

    Haha, NoOne, seeing a bounce three hours after the oversold this morning is a lot easier for me than seeing where we’ll be in three weeks…

    You could exit the VIX puts at 4.50 on the bid right now, up 0.35-0.40 or 8% if anyone’s in…If you are be careful overnight, two major volatility events tomorrow…plus given the expiries here you want to be out in a week…to chi’s points this is an option, not future, and will lose value just sitting there…

  13. Very Stable Genius says:


    NY AG Letitia James asked a state court Thursday to bar the Trump Organization from continuing activities that allegedly constitute fraud while her lawsuit against the company moves forward.

  14. 3b says:

    Lib: Yep, happens all the time. And the screaming is out there the Fed is destroying the markets and the economy, with their tightening, while the truth is the Fed destroyed these with their zero interest rates for a decade!

  15. Libturd says:

    Pretty good short-term interest deal. 6.25% annualized for three months at $50K max.


  16. chicagofinance says:


    BRT says:
    October 13, 2022 at 9:33 am
    lol, jesus. Sold those shorts too soon.

  17. chicagofinance says:

    Defending a level methinks….. preparing for the “why is this happening question?”…. correct answer “because it fucking feels like it”.

    Left: you must stare at your screens like a hungry dog at the dinner table….

    Libturd says:
    October 13, 2022 at 12:09 pm
    This has happened nearly every CPI. Initially a relief rally once number comes out and then the delayed realization of how runaway our inflation is penetrates saner minds later in the day or the following weeks.

    Remember the ChiFi “boings?”

  18. chicagofinance says:

    I swear no joke… “buy on rumor; sell on news” in this case “cover” on news…. you wanted hot, you got it, don’t be a pig, take your profit…..

    Fast Eddie says:
    October 13, 2022 at 12:01 pm
    Can someone explain the 1000 point swing on the DOW after hotter than expected CPI? Or, is there no explanation?

  19. chicagofinance says:

    Remember, we are still in the P portion of the P/E with today’s action. Exception is that DAL beat, so that slice of the E’s along with peers holds up….. let’s keep going…..

  20. Libturd says:


    Of course. Was going to say, sometimes the market behaves irrationally, especially in the short-term.


    When driving, sometimes you must speed up to avoid a crash.

  21. Very Stable Genius says:


    #SCOTUS refuses to hear Trump appeal over Mar-a-Lago documents.
    No noted dissents.

  22. No One says:

    Next Trump will probably claim that he made some big mistakes with his court appointments, very disloyal, ungrateful and incompetent people. Because that’s the kind of dick he is.

  23. chicagofinance says:

    Listen to Jonathan Fero rip Brian Deese, National Economic Council Director a new asshole at 7:00 of 27:12….

  24. Libturd says:

    So I was explaining the strange market day to my older son who has an interest in it. I asked him why he thought it went up? With tongue in cheek, he utters, “Biden.”

    I’m gonna miss this kid.

  25. Ex says:

    Oh Goody. Supreme Court to Trump: Nope.

  26. Ex says:

    3:10 He served his purpose already.
    Now he’s become a liability. Like most narcissistic people he overstepped his bounds.

  27. Libturd says:

    No One,

    Trump’s absolute and complete mistreatment of his VP was all one needed to see about how he trusts and handles those around him. He was a serial bullshitter to the nth degree and certainly will go down in history as the worst president ever. Which historians will forever question how we made the same mistake twice when he gets re-elected in 2024.

  28. Libturd says:

    Perhaps the Supreme Court was afraid of an insurrection?

  29. 3b says:

    Lib: I agree that Trump will go down as the worst President ever however, if historians are honest they will add and Americans turned around and voted for what they believed to be a seasoned politician, former VP with 50 years of experience who is in the top 5 of worst Presidents over.

    If Trump wins in 2024, it’s over, a shame sensible people on both sides don’t or won’t see it.

  30. BidenIsTheGOAT says:

    Another bad day for Joe and the TDS has kicked in again. The whole world is in a free fall. His fingerprints are all over it. Meanwhile he’s out mumbling to himself somewhere incoherently.

  31. Ex says:

    Waaaaaaaa Biden’s a biiiiiig meanie ….,

    Where’s Hunters laptop


  32. Fast Eddie says:

    Omg, what a mess. Is he drunk? lol.


  33. Fast Eddie says:

    “I may have dementia but at least I don’t have dementia.”

    ~ Jose Alvarez O’Biden

  34. BidenIsTheGOAT says:

    I don’t care if politicians are nice guys. Doesn’t matter to me. I don’t look up to them out like then. A big deal to a lot of lefties though.

    I do care when they send their crack addict children it to collect kickbacks on their behalf. 10% for the big guy. Joe and the political class did a smash and grab in Ukraine with the backing of the deep state. Now it’s destabilized Europe and possible will lead to a nuclear confrontation. that I have a problem with.

  35. BidenIsTheGOAT says:

    Joe is just a tool and a vessel for maintaining and advancing the entrenched interests in dc. He was chosen to be the candidate since he was so compromised. He’s not even president in any meaningful way. He’s just a bag of blood they can prop up there to repeat the lines. He’s not very good at it.

  36. Fabius Maximus says:


    “I specifically do not condone violence”, you don’t seem to condemn it either. In fact you seem to get a tingle in your plums watching those patriotic tourists. You’re like Tucker, walk up to the line, peer over, but just don’t take that last step.

    At least we had Nancy, working the phones and getting it done.

  37. leftwing says:

    “So I was explaining the strange market day to my older son who has an interest in it. I asked him why he thought it went up? With tongue in cheek, he utters, “Biden.””

    Does he post here under an alias :)

    Chi, it’s all good…turned my machine off right after lunch….let’s see how tomorrow goes…not sure if I am more concerned about the Brits or banks…wish we were in a buy and hold environment…last few years have been exhausting sometimes lol.

    Funny thing I’m noticing on some quality names…if they are hitting May/June lows and that corresponds somewhere within the covid ‘V’ and at or under 2019 highs I may just jump in…getting tired of fucking around and although the market is down we still need economy and jobs to follow but I’m thinking we are closer to bottom than not…thoughts?

  38. leftwing says:

    Fabs, you are a seriously troubled person. I wish those around well.

  39. leftwing says:

    around *you*, obviously

  40. leftwing says:

    “[Biden is] not even president in any meaningful way. He’s just a bag of blood they can prop up there to repeat the lines. He’s not very good at it.”

    LOL, everyone, everywhere both sides of the aisle seems to know Joe was nothing more than a placeholder. Everyone knows, except Joe himself…

  41. Ex says:

    Keep on bringing the stupid Repugs

    It’s all you have.

  42. Libturd says:

    “Joe is just a tool and a vessel for maintaining and advancing the entrenched interests in dc. He was chosen to be the candidate since he was so compromised. He’s not even president in any meaningful way. He’s just a bag of blood they can prop up there to repeat the lines. He’s not very good at it.”

    Couldn’t agree more Goat.

  43. Ex says:

    We should be dragging every last one of your spineless GOP imbeciles
    Into the backyard and pump two to the back of the head.

  44. Libturd says:

    All I ever heard of Biden prior to last election was that he served as Obama’s VP since Obama lacked any foreign policy experience. Biden had chaired the Senate Foreign Relations Committee and had a lot of tenure. What he did all of those years, is beyond me. I do know about his lie about his helicopter having been shot down over Afghanistan(?) when it actually had to emergency land due to mechanical failure.

  45. No One says:

    I got a pretty good idea of Trump’s treatment of people when he trashed every single opponent in the Republican contests, from “little Marco Rubio” to spreading claims that Ted Cruz’ dad killed JFK. It’s basically a continuation of his wrestling video where he hits someone with a chair. His core political base is people who think both wrestling and religious myths are real. “I love the poorly educated” he said in a speech.

    On the other hand, I know some smarter people who embraced Trump because he’s an attacker. Particularly those who saw Romney sit there without fighting back when the Dems and their media lackeys tag-team DP’d him. But there’s a massive difference between vigorously but rationally arguing personal convictions versus Trump, the narcissist who just personally attacks everyone and everything – except “strong” leaders like Putin and Xi and Kim who he enjoyed talking to.

  46. SmallGovConservative says:

    SmallGovConservative says:
    October 13, 2022 at 10:56 am
    No One says:
    October 13, 2022 at 9:47 am
    “…maybe they [anti abortion] can spin off into a theocratic party.”

    Surely there’s got to be a reasonable middle ground between ‘anything goes’ and theocracy. In any case, it’ll be interesting to see if this is a game-change issue in a purple state like PA where the Dems are running a senate candidate that’s actually less mentally fit than Biden. Not that I want to see Frankenstein Futterman win, but I’d love to be a fly on the wall if he and SlowJoe were to ever have a conversation — comedy gold!

  47. No One says:

    Biden is pretty ordinary. A dumb, corrupt politician who is over the hill, like a lot of folks in congress. His unique stroke of luck is that after stubbornly pursuing several failed presidential campaigns, the Dems decided he had weakened into the perfect decaying political corpse which they could reanimate according to their desires.
    I’d love to see Fetterman and Biden live on stage together required to answer actual questions. Genuinely mentally impaired people who get away with mouthing a few canned leftist slogans that supposedly appeal to “the common man”. Compared to them, AOC is a genius, though wrong in the same way.

  48. No One says:

    Speaking of personal attacks on politicians, am I the first one to notice a resemblance between Stacey Abrams and Ursula from The Little Mermaid movie?

  49. 3b says:

    No One : I know some poorly educated people if by poorly educated you mean how much school they completed, and yet they are/ were some of the smartest intelligent people I know, and that includes my own deceased Parents.

    You can be highly educated, and just as ignorant, and dangerous as someone with little to no education, and any and all behavior can be rationalized away in some of these educated peoples minds.

  50. Fast Eddie says:

    Ahh, memories watching that video. My favorite memory of January 6th was paying $1.98 per gallon for gasoline.

  51. 3b says:

    A young 26 year old woman jumped from a 54 th floor bar in Times Square yesterday afternoon. Very sad, especially someone so young.

  52. 3b says:

    NY Times article the other day says Biden’s long history of lies is really not lies but just folklore, well now here we have a newspaper that’s written by the highly educated, and for the educated, and lies are rationalized away as folklore.

  53. Crushednjmillenial says:

    If both sides of the political can seem to agree that Biden isn’t really in charge . . . Who the heck is?

    -Obama by telephone?
    -the CIA director?
    -is every federal department just getting way more autonomy than under other presidents?

    Like, Clinton was famous for supposedly staying up til 3 AM when necessary to just speak directly with foreign leaders during business hours in their time zone. GWB, not so much. Obama, being a young man when he was POTUS, I would believe it if you told me his normal schedule was 16+ hours a day on a normal day, and maybe still 4 or 5 hours when he was on vacation. Trump, like him or hate him, I can picture him hearing a briefing and barking directions well after sunset.

    With Biden . . . Anyone have big bosses at work that were about 90 years old but still working? What’s that look like?

  54. Ex says:

    I know who AIN’T in charge.

  55. Ex says:

    4:57 you know what they aren’t?

    In JAIL.

  56. Ex says:

    Note to the people on this board.

    You can have money and still be a dipshit.

    Some of you will never be cool.

  57. Fabius Maximus says:

    Left, keep projecting!

  58. Fabius Maximus says:

    And Durham loses his last shred of credibility with this clown show.

    “Many of Durham’s actions Wednesday vindicated his critics’ main complaint – that he has used his trials to push a dubious narrative of intentional government misconduct against Trump, and of a far-reaching conspiracy by Democrats to smear Trump, without ever actually charging it.

    The stakes are high for Durham, who has taken on an unprecedented role in this trial by personally handling most arguments and questioning so far. His inquiry is winding down after more than three years, and he has only secured one guilty plea from an FBI lawyer that resulted in zero jail time. His only other case, against a Hillary Clinton campaign lawyer, ended with a swift jury acquittal in May.”


  59. Ex says:

    Admit it –


    I get it fellas, but come on. Stop making stupid people famous.

  60. Hold my beer says:

    I watched tulsi gabbard on the joe Rohan experience today. I see why she left the Democratic Party. Is rational and speaks her mind.

  61. Hughesrep says:

    That’s an old picture of Padma Lakshmi. She’s hot, smart and sane.

    Tulsi Gabbard is none of those.

  62. OC1 says:

    “LOL, everyone, everywhere both sides of the aisle seems to know Joe was nothing more than a placeholder.”

    And yet Biden gotten a big bipartisan infrastructure bill, the poorly named Inflation Reduction Act (which has a lot of good stuff in it), reunited a fractured NATO to stand up to Russian aggression, gotten us out of Afghanistan (a crap show for sure, but it needed to be done)…

    Pretty good for a senile old man. Don’t underestimate old Joe.

  63. Ex says:

    6:58 How many times have you personally —— to her picture???

    Be honest.

  64. Very Stable Genius says:

    Rep. Liz Cheney:

    ‘I am offering this resolution, that the committee direct the chairman to issue a subpoena for relevant documents and testimony, under oath, from Donald John Trump, in connection with the January 6 attack on the U.S. Capitol’

  65. SmallGovConservative says:

    Got to admire the spunk of stooges like Ex, Flab and others, dutifully showing up and going on the offensive when Joe has an especially disastrous day. No surprise to see them here today given the terrible inflation report and confirmation from the Saudis that the feckless Biden admin begged to delay the OPEC oil cut until after the midterms. While Ex is more or less his typical incoherent self, it’s especially funny to see the OC cuck trying to put a positive spin on Joe’s reckless fiscal policy, his disastrous Afghan withdrawal and the war in Europe that happened on his watch. Keep trying to convince yourselves everything is OK fellas.

  66. BRT says:

    Here’s what I’m not getting about the immigrant bussing controversy. We had policies in place to ensure they declare asylum in the countries between us and South America. We get rid of that, now they cross the border. So it wasn’t ok to stop them before they got here, but we must stop them at Texas?

  67. Ex says:

    8:31 – you have a very rich and slightly sad
    fantasy world.

  68. Ex says:

    1. It’s a gorgeous day here .
    2. My 20 year-old M3 is running perfectly.
    3. I wake up without an alarm & my BM’s are firm.
    4. Trump lost bigly today.

  69. OC1 says:


    “OC cuck” LOL

    But go ahead and enjoy your wit.

    As I post this, I am looking up at a 400 ft ridge of Navajo Sandstone (anyone who’s visited one of Utah’s “big five” natl parks would recognize the Navajo) from my campsite on BLM land in southern Utah.

    So everything is right in my world.

    BTW- saw 2 california condors the other day. Rarest bird on earth.

  70. Ex says:

    Time to call out the Gravy Seals.

  71. Fabius Maximus says:

    “showing up and going on the offensive when Joe has an especially disastrous day”

    More projection. How about Donnies really bad day. Second loss in two days with his J6 sopena and SCOTUS loss and now Traitor Tot claims his brothers defence. “I am that dumb.

    I assume this standard practice and how could he ever be held accountable for signing off as an executive of the firm.


    Despite his senior position Trump Jr. testified that from 2010 to July 2022, when he appeared for his deposition, he had limited involvement in preparing the company’s financial statements.

    “I had no real involvement in the preparation of the Statement of Financial Condition and don’t really remember ever working on it with anyone,” Trump Jr. said. “Again, people may have asked me about stuff tangentially that I gave them an answer to that they may have then utilized as a basis of knowledge to come up with whatever, but, no, not specifically as it relates to, you know, knowledge about the financial statement,” he added.

    He said his knowledge of US accounting rules, Generally Accepted Accounting Principles, is limited to what he learned from an “Accounting 101” college course.

    “Well, I’m not an accountant, but that they are generally accepted,” he said when asked what he knew about GAAP. “That’s pretty much what I remember from Accounting 101, so…You know, I’m sure I could come up with some creative stuff to kill time, but I’d be doing neither of us a favor in terms of educating ourselves.”

  72. Fabius Maximus says:

    Sum up American politics in one sentence!

    Jennifer “Pro-privacy” Rubin @JRubinBlogger
    utterly gripping footage as Rs stand around while Ds trying to rescue them

  73. Fabius Maximus says:

    I never knew this. Last time I saw him he was ripping my heart out on the mound at Yankee Stadium stadium in 2001. I never saw him pitch in Pinstripes.

    learned today that randy johnson is now a professional photographer (??) and shoots nfl games (???)

  74. Hughesrep says:

    Jr may not know accounting rules but he knows how many grams are in an ounce.

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