The SandPIE Model
Where is the fair value of the S&P based on inflation expectations?
Rarely has the CPI report issued monthly by the US Bureau of Labor Statistics received so much attention as it does right here in the middle of 2022. A single number made up by a few statisticians deciding the fate of trillions of dollars invested around the world. There is good reason for such obsession. Inflation and inflation expectations have statis…
Keep reading with a 7-day free trial
Subscribe to Fallacy Alarm to keep reading this post and get 7 days of free access to the full post archives.