Market thoughts after CPI (from vacation)
Unfortunately our fundamental story remains the same and the recent PPI and CPI data continue to reinforce our view that the Fed is going to continue raising rates in…
Read MoreUnfortunately our fundamental story remains the same and the recent PPI and CPI data continue to reinforce our view that the Fed is going to continue raising rates in…
Read MoreStocks were very weak on the open, and the S&P 500 Index (SPX) gapped lower by 1.6%, its worst gap lower since the CPI report last month.
Read MoreFor the second straight month, the inflation report was worse than feared, with the headline m/m reading double what was expected.
Read MoreHere are Wednesday's closing levels for our four key tactical indicators:
Read MoreS&P equity futures are trading above Wednesday's close, amidst European equities turning higher and a negative close in Asia overnight.
Read MoreIt was a relatively quiet session after yesterday’s volatile trading.
Read MoreThe Fed today released the minutes for the September 20-21 FOMC meeting, at which rates were hiked by 75bp. Some highlights:
Read MoreThe Bureau of Labor Statistics reported its Producer Price Index (PPI) for final demand was up 0.4% m/m in September vs. downwardly revised (-0.1%) -0.2% in the prior month.…
Read MoreHere are Tuesday's closing levels for our four key tactical indicators:
Read MoreS&P equity futures are trading above Tuesday's close, amidst European shares trading mixed and Asian shares closing mixed-to-lower overnight.
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