Struggling For Direction

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets Weakness prevailed right from the get-go, when retail stocks were dragged lower due to Target reporting a decline in sales causing their stock price to dive some 13%. Shoppers are struggling with high inflation ahead of the biggest shopping season of the year. On the other hand, US Retail Sales soared 1.3% MoM …

A “Welcoming” PPI Report Supports Equities

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[Chart courtesy of MarketWatch.com] Moving the markets Today’s Producer Price Index (PPI) came in better than expected with CNBC highlighting the data as follows: The producer price index rose 0.2% in October, below the 0.4% estimate. A significant contributor to the slowdown in wholesale inflation was a 0.1% decline in services, the first outright decline in that measure since November …

Taking A Breather

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[Chart courtesy of MarketWatch.com] Moving the markets After last week’s Ramp-A-Thon, equities needed a breather. Even though the major indexes held up well throughout the session by bouncing around their respective unchanged lines, momentum waned during the last hour and south we went. Given the advances of the past five trading days, a pause was in order, and that’s exactly …

“Friendly” CPI Report Powers Markets—New “Buy” Signal On Deck

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[Chart courtesy of MarketWatch.com] Moving the markets Only one thing mattered today, and that was the CPI reading, which came in much more “friendly” than expected. The index rose only 0.4% for the month and 7.7% YoY, its lowest annual increase since January. Expectations were 0.6% and 7.9% respectively. Even the core numbers were better than anticipated. The market reaction …

Riding The Bucking Bronco

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[Chart courtesy of MarketWatch.com] Moving the markets A bucking bronco type of market behavior seemed to be perfectly complementing this election day with its own ups and downs, irregularities, and accusations. The major indexes stormed out of the gate and ripped higher with the Dow at one point sporting a 500-point gain, which collapsed, as the index almost broke below …