January PPI came in much hotter than expected while housing starts and permits fell far short of consensus, stoking persistent fears of stagflation. PPI came in at 0.3% MoM versus 0.1% expected. Excluding food and energy, core PPI rose 0.5% versus 0.1% expected. Stripping out trade services, the tally rose to 0.6%, its highest print … continue reading →
Tag Archives: Michigan sentiment
I want wish all our members a safe and enjoyable holiday. We will take Friday off and be back on Monday, Nov 28. Markets staged a little celebration of their own yesterday, with ES slipping back up above the 10-day moving average and 3.618 Fib – a gizzard’s throw away from the 200-day. Otherwise, not … continue reading →