DailyPlay Updates – May 15, 2024

All eyes are on the CPI print this morning. Yesterday’s PPI print gave us a glimpse into what might be coming down the line with healthcare and airline costs moderating. There are hopes that today’s CPI print will come in line and not surprise to the upside and provide the support equities need to break out to new all-time highs.

With our portfolio positioned for further upside in equities, we will not add any new positions until after the CPI print. If inflation does surprise toward the upside, we will likely cut our NKE position.