Crude Oil, Stocks, Bitcoin May Guide CPI Toward 0% - The consumer price index might be solidifying a ceiling around 3% and could be heading toward 0%. If the wealth effect from the highest stock market cap-to-GDP in about a century doesn't lift CPI, what will? CPI dips to 0% in 2009, 2015 and 2020 coincided with WTI crude oil nadirs around $40 a barrel. The growing US crude and liquid-fuel surplus reinforces the path toward $40, and Bitcoin's collapse may signal post-inflation deflation. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tae9idkgifqh {BI COMD} #stockmarket #crudeoil #inflation @markets(Mike McGlone)