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18.12.25 - 14:42
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US Consumer Price Inflation Tumbles In November (ZeroHedge)
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US Consumer Price Inflation Tumbles In November
'A grain of salt' is how many have described their position on this morning's government shutdown-delayed release of October and November Consumer Price Inflation data.
Headline CPI slowed to 2.7% YoY in November
Core CPI fell to 2.6% YoY in November - the lowest since March 2021...
There is very little additional data for now with Core Goods and Services down modestly while Energy prices were higher...
...but will drop notably as oil prices have plunged...
Finally, we end with three words from Goldman's Delta-One desk-head with regard this morning's data: 'beware the noise'.
Disinflation remains a key pillar of the equity bull case, and these levels still imply inflation hovering closer to 3% so not quite there yet (but heading in the right direction... a lot faster than many expected).
Tyler Durden
Thu, 12/18/2025 - 08:36...
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17.12.25 - 14:06
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Jeff Ferry Joins Safanad as Partner and Head of Digital Infrastructure (Business Wire)
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Industry leader in the sector further strengthens Safanad's growing team of expert investors and operators in data centers
NEW YORK--(BUSINESS WIRE)--Safanad, a principal-led investment company that builds world-class businesses, is pleased to announce that Jeff Ferry has joined the firm as Partner and Head of Digital Infrastructure where he will focus on investing both in the U.S. and globally for Safanad's digital infrastructure platform. Jeff will also oversee the continued expansion of Element Critical, a leading colocation investment and operating platform that Safanad has built over the last ten years. Jeff has over 30 years of experience as a seasoned investor in the digital infrastructure and TMT sectors. Jeff most recently spent nearly 20 years at Goldman Sachs, where he led the data center investment practice at Goldman Sachs Specialty Lending Group.
Jeff will significantly enhance Safanad's global investment and operating capabilities within digital infrastructure, accelerating the growth of...
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17.12.25 - 13:18
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"Buy Nicotine, Energy Drink, Candy Stocks": Goldman Tells Clients Get Ready For Party In USA (ZeroHedge)
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"Buy Nicotine, Energy Drink, Candy Stocks": Goldman Tells Clients Get Ready For Party In USA
Bonnie Herzog, managing director and senior consumer analyst at Goldman Sachs, told clients Tuesday that, after consumer staples' underperformance in 2025, it is time to buy nicotine, energy drink, candy, and beauty stocks heading into 2026 as a stronger consumer backdrop emerges.
Herzog wrote:
Our View -- 2025 has been another year of underperformance by Consumer Staples with all but Nicotine stocks lagging the market as concerns around the health of the US consumer (owing to macro uncertainty, geopolitical tensions, tariffs, layoffs, etc.) which weighed on consumption trends and drove value-seeking behavior amongst consumers during the year.
Heading into 2026, we expect a more constructive US consumer backdrop (esp. middle-income cohorts) given a pickup in real income growth (aided by job growth, tax cuts, and fading tariff-related inflation) to support a discretionary over defensive app...
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