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Happy Wednesday, everyone. We just got our latest economic data, and it is very bull-friendly: ice cold (zero, in fact) PPI data and better-than-expected retail data.
In spite of this, equity futures are down about half a percent or so, whereas gold and silver continue to absolutely barnstorm the planet, each of them at (as usual) new lifetime highs.
(more…)The CPI came in this morning, and instead of the expected 0.3% monthly increase, it was 0.2%.
Yet another delayed economic report came out today – – this time, the CPI – – and it was unexpectedly cool compared to expectations. Based on this encouraging news, bonds and stocks ripped higher, with the /NQ, for example, up almost 400 points before the opening bell.
As we approach a full month of the government being shut down, we find ourselves living in a data desert. A rare exception came this morning in the form of the Consumer Price Index, which was a little lower than expectations.
