Bill Ackman says the reported rate of inflation is underesti...

Bill Ackman says the reported rate of inflation is underestimated

$Invesco QQQ Trust(QQQ.US)$ $S&P 500 Index(.SPX.US)$Thoughts? “The reported rate of inflation is underestimated. Owners' Equivalent Rent (OER) relies on landlord surveys to estimate inflation in the cost of housing. This is a very imprecise metric. The single-family rental market provides more accurate data. The core CPI announced today was 3.5% year over year OER. The country's biggest rents for single-family homes reported a 17% year-on-year increase in rents. OER is 30% of the core CPI calculation and 24% of the reported CPI. Using more empirical measures in the calculation would raise the core consumer price index from 4.9% to 9.0% and the consumer price index from 6.8% to 10.1%. Based on supply and demand trends, housing inflation is unlikely to weaken. The inflation actually experienced by households is raging, far exceeding the statistics published by the government. ”