Matthew Mccall on food prices
From 🚨May #CPI data shows inflation at +4% YoY. Matt McCall breaks down what it means… #shorts · · Stansberry Research
“Food's still up 6.7 percent year over year; however, eggs fell 13.8 month over month and are now down year over year.”
On , Matthew Mccall, Vice President of Investor Relations & Corporate Development at HNI CORP, spoke about food prices during 🚨May #CPI data shows inflation at +4% YoY. Matt McCall breaks down what it means… #shorts on Stansberry Research.
About Matthew Mccall
Matthew McCall, Vice President of Investor Relations & Corporate Development at HNI, has been producing a video series titled "Making Money with Matt McCall" in which he discusses market conditions, inflation data, and individual stocks. In September 2023, McCall commented on May CPI data, noting that year-over-year inflation came in at 4%, the lowest since March 2021, and that core inflation excluding food and energy was 5.3%. He attributed the persistent high core number to shelter costs, which rose 8% year-over-year, while pointing to declines in airline fares and egg prices as positive signs. McCall stated that following the data release, there was a 93% chance the Federal Reserve would raise interest rates. In earlier episodes from 2022, McCall discussed the Federal Reserve's largest interest rate hike in 28 years, the impact of geopolitical tensions on portfolios, and specific investment opportunities. He recommended books such as "The Future is Faster Than You Think" by Peter Diamandis and Steven Kotler, and highlighted sectors like energy, aerospace and defense, and industrial metals as potential beneficiaries during geopolitical conflicts. McCall also analyzed individual companies including Peloton, Brilliant Earth, Solo Brands, Exponential Fitness, and F45 Training Holdings, offering his views on their valuations and growth prospects. He expressed confidence that the S&P 500 would be up 20% from its end-of-2021 level at some point in 2022, citing producer price index trends and valuations.