This morning’s data is pretty interesting: October PPI rose 5.7% year over year, its fastest pace since June 2022, with oil, gas, and coal prices up more than 30%. But CPI rose just 0.7%, below expectations, while food prices fell 2.9%. Put simply, upstream price hikes are getting stuck in the middle and aren’t reaching ordinary people’s wallets. Costs are climbing while demand is flat. If this scissors gap keeps widening, who do you think will crack first? $ASHR