"Chicken wing prices have plunged to pre-pandemic levels. Here's why
that's great news for the stock market.
Matthew Fox
Sat, August 20, 2022 at 6:07 AM
Chicken wing prices have plunged to pre-pandemic levels, and that's
great news for the stock market, according to Fundstrat.
The research firm said any signs of deflation could show investors that inflation is not as sticky as some feared.
"Inflation was the single biggest headwind for markets in 2022 and the inflection is the key to market recovery," Fundstrat said.
Plunging chicken wing prices are a good sign for the stock market as
they show that inflation is easing, Fundstrat's Tom Lee said in a Friday
note.
Chicken wing prices have fallen 62% from their peak to levels not seen
since 2019. "That is not 'cooling' inflation... This is outright
deflation. Prices falling to 2019 levels is a 3-year decline," Lee said."
https://news.yahoo.com/chicken-wing-prices-plunged-pre-121500696.html
"Sticky" hell, one of our local idiots insisted inflation had run
away.
TB
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