Let's continue exploring the stock market – this time we’ll look at the Consumer Price Index (CPI) versus the S&P 500. Let's find out what its really worth today. So far, we’ve looked a the VIX, unemployment numbers, long term/short term rates, and more.
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Let's continue exploring the stock market – we've compared the S&P 500 with the VIX, unemployment numbers, long term/short term rates, and more – Lyncs are under the finance label on ViralML.com!
this time, we'll look at the CPI through a mixture of fundamental and technical analysis
Welcome to ViralML, my name is Manuel Amunategui. I am the author of Monetizing Machine Learning, a book on extending your machine learning models to the web to allow the world to access your work and even monetize it. You can find it along with others on Amazon, simply put my first and last name in the Amazon search bar.
The CPI stands for the Consumer price index, the definition from Wikipedia, is
A Consumer Price Index measures changes in the price level of the market basket of consumer goods and services purchased by households.
You can get CPI's in different sizes and types of coverage – from food, to shelter, to energy, to all of them. The basic version has them all and we're going to go with that one. But in a nutshell, its a basket of things that we can use to compare the cost of living over time.
Let's get our data. We're going to use two data sources – yahoo finance for the S&P500, remember that I compare everything against that index as it represents the biggest companies in the US and most have heavy international dealings that its the economic heartbeat of the world and the Federal Reserve Bank of StLouis.
Let's start with the CPIAUCNS – short for Consumer Price Index for All Urban Consumers: All Items and download all you can get. Do the same for the S&P500, get the max available and we'll sort things out afterward.