Wall Street Unplugged - Your Best Source For Finance, Investing & Economics

Happy Valentine's Day!   First, I take a victory lap for another successful Super Bowl prediction… sort of: , and I was right!   I highlight why this was one of the best Super Bowls in recent memory—despite the fact that my beloved Eagles should have won… and the NFL is a bunch of a**holes who should be ashamed of themselves.   Turning to the markets… The latest Consumer Price Index (CPI) data came out this morning. I break down why the numbers cripple the bullish thesis… and how consumer habits are about to change.   More bad news for the bulls: Earnings estimates keep coming down… and I expect several quarters of lower earnings. I explain why this—combined with several other risk factors—is creating a recipe for disaster.   Bottom line: This market should scare the hell out of you.   …   In this episode    The NFL is a bunch of a**holes [0:30] How this morning’s CPI data hurts the bullish thesis [9:45] The “earnings recession” is just beginning [13:50] Why this ma