The David Lin Report · Friday, September 25, 2026
Keith McCullough's firm, Hedge I., reports that their inflation nowcast is consistently trending upwards, showing a 27 basis point increase while the headline CPI year-over-year was reported at 3.40%. He states that this data is widely used by the hedge fund community.
“If you have the Hedge I. inflation nowcast, which by the way, Bessie, as I call him, Scott Besson, has that. Uh, so does the entire hedge fund community and all those like we advise trillions in assets under management. They all get our weekly Hedge I. inflation nowcast. They all know that that's easily the most accurate inflation nowcast in the world right now. And they know that it continues to tick higher. It's up 27 basis points versus the 3.40% headline CPI year over year that was just reported.”
“So that's the next number they're going to get. It's like looking, you know, looking in the dealer's hand. I know what the number is. And so does the street. And that's why bond yields are doing what they're doing. Besset knows that too.”