Friday File: Valuation Matters… and Why Don’t I Own Apple?

It has taken a year of falling inflation rates (OK, 10 months), but CPI inflation has now dropped from the 9.52% we saw in July of 2022, which was the highest inflation in decades, to 4.05% in May of 2023. That’s still too high for the Fed to endorse, but it’s a level we can […]