Bad and Good

Inflation hit a speed bump after six months of cooling.

The consumer price index (aka, inflation) rose from 2.4% in September to 2.6% in October thanks to stubbornly high housing costs. Wall Street expected the increase, and economists seem unconcerned; inflation has been on a slow-but-steady decline since peaking at 9.1% in June 2022.

Spirit Airlines’ turbulent times may take longer to smooth. Its stock plummeted 59% Wednesday after news broke Tuesday that the debt-laden airline was preparing to file for bankruptcy protection. Spirit stock is down 90% year to date. 

At least Mickey’s happy. Disney stock jumped 9% yesterday morning after the House of Mouse reported better-than-expected quarterly earnings, bolstered by streaming growth and record-setting summer performances by Inside Out 2 and Deadpool & Wolverine.

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ETERNAL PERSPECTIVE
Inflation goes up, and inflation goes down, but one thing is certain: God will remain in control and always provide for you. In the midst of uncertainty on Earth, set your hope on the abundance we will enjoy with Christ when he comes.

“Blessed be the God and Father of our Lord Jesus Christ. Because of his great mercy he has given us new birth into a living hope through the resurrection of Jesus Christ from the dead and into an inheritance that is imperishable, undefiled, and unfading, kept in heaven for you.” 
1 Peter 1:3-4 (CSB) (read full passage)