[Chart courtesy of MarketWatch.com] Moving the markets The stock market celebrated another day of low inflation, as the Producer Price Index (PPI) for June came in much weaker than expected. The PPI measures the change in prices that producers charge for their goods and services. It was supposed to rise by 0.4% year-over-year, but it barely budged at 0.1%. This …
Inflation Eases, Stocks Soar, Bonds Breathe
[Chart courtesy of MarketWatch.com] Moving the markets The latest CPI report was a pleasant surprise for Wall Street, as US consumer prices rose less than expected in June. The core CPI, which excludes food and energy, increased by only 0.2% month-over-month, the smallest gain since February 2020. The annual inflation rate eased to 3.0%, the lowest since March 2021. This …
Market Rises On Short Squeeze And CPI Optimism
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes climbed higher for the second day in a row, as investors waited for the latest inflation report due tomorrow. The report is expected to show a slight drop in the annual inflation rate to 3.1%, which would ease some of the worries about rising rates. Investors have already accepted that …
Market Mixed As Inflation Worries Clash With Earnings Hopes
[Chart courtesy of MarketWatch.com] Moving the markets The Dow bounced back from last week’s slump, but the S&P and Nasdaq barely budged as investors waited for inflation and earnings news. The CPI and PPI reports are due on Wednesday and Thursday, respectively, and could ease some inflation fears if they come in lower than expected. Meanwhile, big banks will kick …
ETFs On The Cutline – Updated Through 07/07/2023
Do you want to know which ETFs are hot and which ones are not? Then you need my High-Volume ETF Cutline report. It tells you how close or far each of the 311 ETFs I follow is from its long-term trend line (39-week SMA). These are the ETFs that trade more than $5 million a day, so they are not …
ETF Tracker Newsletter For July 7, 2023
ETF Tracker StatSheet You can view the latest version here. JOBS, WAGES, AND REVISIONS: THE GOOD, THE BAD, AND THE UGLY [Chart courtesy of MarketWatch.com] Moving the markets The June jobs report was a mixed bag for the markets. The economy added 209k jobs, less than the forecast of 240k, but wages grew faster than expected, raising fears of …