PPI came in line this morning, up 0.4% for the month but still a tad hot at 5.4% year over year on an energy spike. Rate-hike odds firmed toward roughly two thirds for next week, and I admit that if Friday's CPI runs hot too, I will finally concede the hold call I have held all along. It does not change how I invest either way, and I even walk through why a hike could paradoxically pull long-term yields down and give stocks room to rally. The heart of the show is my contrarian habit of scanning the 52-week-low list, doing the opposite of most investors who avoid falling knives. That pulls me into a deep dive on L3Harris, a small position of mine, which is sitting near a low after its board ousted CEO Christopher Kubasik over a conduct violation, on top of a delayed spinoff of its missile business and heavy pre-award spending. The business itself looks fine, with a full order backlog and a valuation cheaper than the defense-industry average, so the question I work through is whether the governance shock is the opportunity or the risk. I also cover why Treasury Secretary Scott Bessent's $6 billion bond buyback backfired again, spiking the ten-year toward 4.92% instead of calming it. Apple's new iPhone event gets a quick read too, where I stay firmly bullish on Apple for the next decade, buybacks and all, precisely because it never had to pour money into the AI capex race. Rigatoni Capital is a daily morning podcast for long term, buy and hold investors, and can be found on all major platforms like YouTube, Spotify, Apple, etc. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore. Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions. Timestamps:0:00 Intro & PPI pre-market recap0:57 Fed rate hike odds & bond market signals2:00 Buy-the-dip philosophy & portfolio winners4:59 Market movers: AeroVironment, yields, oil, seasonality9:03 Bessent's bond buybacks & the liquidity story12:56 52-week low stocks & contrarian strategy15:05 L3Harris deep dive: CEO scandal, earnings, valuation24:17 Apple foldable iPhone & long-term outlook27:35 Commodity scarcity, AI buildout & fake news debunked #investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #L3Harris #defense #PPI #inflation #FederalReserve #Fed #ratehike #Apple #Bessent #RigatoniCapital $BTC $GLD $QQQ $SPY $LHX $AVAV $AAPL $RTX $LMT
