The Week That Matters (7th-11th Nov, 2022)

"The FTX team continue to open my eyes to the endless possibilities" Tom Brady

Inflation has peaked

This newsletter has argued that inflation will peak this year and drop aggressively. The recent downward surprise in CPI supports the first part of the thesis. The second part will hopefully be confirmed over the next few months. Inventories are high and prices for core goods are dropping. Used vehicle prices are also falling. We wil…