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Critical Inflation Data Ahead, Credit Card Debt Hits $1 Trillion, China Enters Deflation
Wednesday, August 9, 2023 - 12:52pm | 1581To gain an edge, this is what you need to know today. Consumer Price Index Ahead Please click here for a chart of Apple Inc (NASDAQ: AAPL). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of AAPL stock is being used to...
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CPI and PPI Week! Was Last Week's Sell Off Enough or Is There More To Come? Prepare For The Busy Upcoming Week With MandoTrading !
Monday, August 7, 2023 - 12:17pm | 1124An ugly weekly close last week, dropping ES down to the bottom (to the tick) of the weekly bullish imbalance. This week has the makings to be an extremely important one moving forward, for a number of reasons. If there is no bounce back this week back to 4553, a weekly bearish imbalance will be...
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S&P Makes Weekly Advance As Inflation Reaches Lowest Level Since March 2021; Amazon, Microsoft, Alphabet And Major Banks Lead Market Optimism
Friday, July 14, 2023 - 3:50pm | 1152The S&P 500 is closing the week in the green in light of positive inflation data. The index was 2.48% higher on the week ahead of the market close Friday. Other major market indexes also showed an upward trajectory, with the Dow Jones rising 2.36% on the week. The Nasdaq Composite is set for a...
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Market Reacts To PPI Inflation Drop: 7 Stocks in the Spotlight Thursday
Thursday, July 13, 2023 - 11:47am | 608U.S. producers saw another lower-than-expected inflation report on Thursday, indicating that pandemic price pressures virtually evaporated in June. The producer price index (PPI) inflation was 0.1% year-on-year in June, down sharply from 0.9% in May and 0.4% lower than expected, setting a new low...
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Rate Hike Speculation Cools As US Producer Inflation Softens, Economist Predicts S&P 500 To Reach 5,000 By Year End
Thursday, July 13, 2023 - 11:39am | 476Economic data issued Thursday indicates a marked reduction in pricing pressures in June, causing many investors to anticipate an end to the Federal Reserve's interest rate hike cycle, except for one final 25-bps hike in July. What Happened: The Producer Price Index (PPI) increased by 0.1% in June,...
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Momo Crowd Stock Market Nirvana Of Cooling Inflation And No Recession Contradicted By Import Data
Thursday, July 13, 2023 - 10:19am | 1233To gain an edge, this is what you need to know today. Contradiction Please click here for a chart of Industrial Select Sector SPDR Fund (ARCA: XLI). Note the following: As the momo crowd in the stock market feels the nirvana of cooling inflation, no recession belief, and expanding...
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Producer Inflation Falls To 35-Month Low, Jobless Claims Rise Less Than Expected, Bolstering Hopes For Single Fed Hike
Thursday, July 13, 2023 - 8:49am | 569Following a lower-than-expected consumer price index inflation report on Wednesday, American producers saw a further reduction in pricing pressures in June. What happened: The Producer Price Index (PPI) for final demand recorded a 0.1% month-on-month rise in June, the Bureau of Labor Statistics...
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PPI Inflation Could Hit Lowest Level Since September 2020, Reflecting Easing Inflationary Pressures
Wednesday, July 12, 2023 - 12:10pm | 657Following the lower-than-expected consumer price inflation data released Wednesday, there may be more positive news coming on the inflation front with the Thursday release U.S. producer price index (PPI) report. Economists predict a year-over-year increase of 0.4% for the PPI index in June, down...
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Investors Waiting For CPI But China's Producer Deflation May Be More Consequential
Monday, July 10, 2023 - 11:29am | 1409To gain an edge, this is what you need to know today. China’s Producer Deflation Please click here for a chart of Xtrackers Hvst CSI 300 China A-Shs ETF (ARCA: ASHR). Note the following: The chart shows that unlike the U.S., the Chinese market has not staged a significant...
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Deflation Pushes Producer Prices To 28-Month Lows Ahead Of Fed's Interest Rate Decision
Wednesday, June 14, 2023 - 8:46am | 519U.S. producers now face the reality of deflation, as the Producer Price Index (PPI) for final demand slumped 0.3% month-on-month in May, down from the previous 0.2% monthly increase and below the expected 0.1% fall, the U.S. Bureau of Labor Statistics reported Wednesday. The PPI print follows the...
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PPI Inflation Data Shows Economic Undercurrents: 5 Economists On What's Next
Thursday, May 11, 2023 - 11:14am | 403The U.S. Bureau of Labor Statistics reported a rebound in the Producer Price Index (PPI) for final demand in April, with a month-over-month rise of 0.2%. The increase comes after a revised drop of 0.4% in March and falls short of the expected 0.3% increase. The modest rise is largely attributable...
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US Producer Prices Rise Less Than Expected In April, Cementing Hopes Of Fed Hold In June
Thursday, May 11, 2023 - 8:50am | 461The Producer Price Index (PPI) for final demand rose 0.2% month-over-month in April, rebounding after the revised 0.4% drop in March but coming in below the expected 0.3% increase, the U.S. Bureau of Labor Statistics reported Thursday. The release came after the April's consumer price index (...
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Producer Prices For March Come In Well Below Economist Estimates: Market Still Anticipates Another 0.25% Rate Hike
Thursday, April 13, 2023 - 8:45am | 493The SPDR S&P 500 (ARCA:SPY) is rising Thursday morning after new data showed that U.S. producer prices fell more than economists expected last month, another sign the Federal Reserve's aggressive response to high inflation is starting to take effect. What...
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Producer Price Index Preview: What To Watch For Thursday Morning, Plus What It Means For The Fed
Wednesday, April 12, 2023 - 2:26pm | 530The SPDR S&P 500 (ARCA:SPY) is trading higher Wednesday after CPI data came in below average economist estimates, a potential sign that inflation may be coming down fast enough for the Federal Reserve to pause in its fight against inflation. PPI should help to paint a clearer picture. What To...
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Producer Price Index Unexpectedly Falls In February, Swinging Market Expectations Toward Federal Reserve Pause
Wednesday, March 15, 2023 - 10:04am | 505U.S. producer prices fell more than economists had expected last month in a sign the Federal Reserve's aggressive response to high inflation is starting to take hold. What To Know: The producer price index (PPI) fell 0.1% in February, according to new data...