CNBC's "Fast Money" cover image

Countdown to CPI, and a “Big Short” Trader’s Warning for the Market. 8/9/22

CNBC's "Fast Money"

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Price Stability

The real question is, what is purchasing power look like for consumers? Because we can sit here and say it's eight %, nine % to morrow, or six%. Your consumer doesn't care. They want to know what the absolute dollar is on their gas bill or on their grocery bill. We had not seen that in a very long time. I just say this, you guys know my stamps on the wage growth. Think about where we've had those gains since the pandamic. i think that those gains will be moderated away. So i wouldn't be too optimistic about the wage growth that we've seen since on the last year.

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