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Why Most Americans Are Experiencing More Financial Distress

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Why Most Americans Are Experiencing More Financial Distress
An employee counts U.S. dollar currency at The Grove Apple retail store in Los Angeles, Calif., on Sept. 22, 2023. Patrick T. Fallon /AFP via Getty Images
Gary Brode
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This week, we got the March Consumer Price Index (CPI) report which showed an overall increase of 3.5 percent unadjusted in the last year and 0.4 percent vs last month. That’s above last month’s 3.2 percent and expectations of 3.4 percent. The 0.4 percent monthly increase annualizes to 4.9 percent. The Core CPI which excludes food and energy was up 3.8 percent for the last year and up 0.4 percent from last month.

Gary Brode
Gary Brode
Author
Gary Brode has spent three decades in the hedge fund business. Most recently, he was Managing Partner and Senior Portfolio manager for Silver Arrow Investment Management, a concentrated long-only hedge fund with options-based hedging. In 2020, he launched Deep Knowledge Investing, a research firm that works with portfolio managers, RIAs, family offices, and individuals to help them earn higher returns in the equity portion of their portfolios. Mr. Brode’s work has been featured in the Wall Street Journal and Barron’s, and in appearances on CNBC, Bloomberg West, and RealVision.