Five Charts to Start Your Day #7

1. Funny how the market cheers an 8.5% CPI as seen in the WSJ. While it is a decline mostly due to rapidly dropping energy prices, if other sectors don’t follow suit, its going to be a one and done deal. Rent so far has proven sticky and that’s going to be a trouble spot going forward.

2. While the WSJ may be cheering slowing inflation, Fed governors are talking a different story and Bloomberg posted a great chart in relation to the 1970s. Are we still in act 1?

3. Robert Schiller, who predicted the 2008 housing bubble burst in 2008, thinks the U.S. housing market is again headed for trouble. While home prices are still inflated as seen below, many markets have already started to see steep pullbacks. Link

4. Pew Research posted results of a survey of teenagers and their social media platform usage and no surprise, YouTube is the undisputed goat.

5. Ryan Selkis Posted a great set of charts of crypto and web3. Crazy to see that over $100 million was paid in fees on OpenSea for just the Bred Ape ecosystem!