The PPI! My dumb guess? That people will react bullishly to it. Why? Because the last inflation data freaked people out. This market seems to toggle in all respects! We’ll know in a few minutes……
Tuesday Morning’s Key Data Point
Slope of Hope Blog Posts
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Anticipating Friday
This is such an ungodly dry spell for any market-moving events, I have to drag out the ONLY event this entire week and share it with you. It’s going to be the release of CPI pre-market on Friday. Fingers crossed that the numbers come in red-hot!
The Inflation Mutation
This is not your Grandpa’s Inflation problem
The Fed is starting to play catch-up with inflation signals from the bond market as evidenced by the Fed Funds Rate finally being pulled upward by the implications of the rising 3 month T-bill yield, among other more obvious signals like the long since rising 2yr Treasury yield and ongoing inflation headlines we read about every day.
A Disinflationary Whiff
As inflation signals cool, various markets get relief
Whether a bounce or something more extended, a bear market rally was bound to get off the ground sooner or later. It was a matter of time, with stock market sentiment this over-bearish.
Here is how the US Stock Market segment led off last weekend in NFTRH 706:
Zoltan Poszar: The Fed Is Not Your Friend
