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[Chart courtesy of MarketWatch.com] The rally in stocks and cryptocurrencies came to a halt and reversed as traders grappled with recent record highs, shifting their focus to the October Producer Price Index (PPI). The PPI headline number matched forecasts with a 0.2% month-over-month increase, while September’s figure was revised upward from 0.0% to 0.1%. On an annual basis, the PPI …

[Chart courtesy of MarketWatch.com] The markets began the day on a positive note as traders sought to maintain the post-election momentum. However, by the end of the session, the major indexes had delivered mixed results. The hope that inflation is under control remains far from reality, a point I have emphasized throughout the year. Today’s Consumer Price Index (CPI) numbers …

[Chart courtesy of MarketWatch.com] The markets began the session moving sideways to lower, as traders appeared to take a breather from the highs reached in the post-election rally. Bond yields climbed, with the 10-year yield advancing nearly 0.12% to close at 4.43%, marking its highest level in five months. This increase in bond yields was sufficient to push equities downward …

[Chart courtesy of MarketWatch.com] The Dow continued its rally from last week, surpassing the 44,000 mark, while the S&P 500 also made significant strides by crossing the 6,000 level. However, the Nasdaq lagged. With the bond markets closed, trading activity was somewhat limited. Several major banks saw their stock prices rise significantly, contributing to the Dow’s impressive gain of over …