PPI biggest jump in 32 years.

S

S2007S

We get the biggest jump on PPI in 32 years, markets open down and erases nearly every loss on the day....hmmmm


US producer prices jumped a bigger-than-expected two per cent in November, the largest gain in more than three decades, on a spike in energy prices, a government report shows.
 
Quote from S2007S:

We get the biggest jump on PPI in 32 years, markets open down and erases nearly every loss on the day....hmmmm


US producer prices jumped a bigger-than-expected two per cent in November, the largest gain in more than three decades, on a spike in energy prices, a government report shows.
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and all the bulls are looking for rate cuts.. haha.
 
Quote from Pa(b)st Prime:

My use of Marty Zweig's "don't fight the Fed" indicator has made the last half dozen or so hikes quite painful.:D
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Ordinarily, thinking logically I would say rate hikes are bad for stocks.... but if the past 3 years are any indication this market never met a rate hike it didnt like....
 
PPI is completely useless and has very littl relationship to CPI. fed watches core CPI/core PCE, not core PPI. Core PPI was skewed higher by vehicle prices anyway which has been whipsawing the mkt.
 
Quote from S2007S:

We get the biggest jump on PPI in 32 years, markets open down and erases nearly every loss on the day....hmmmm


US producer prices jumped a bigger-than-expected two per cent in November, the largest gain in more than three decades, on a spike in energy prices, a government report shows.
More...

And the dollar fell, one fed governor speaks up about inflation being a problem and it may be necessary to increase rates and the market rallied.

Look at commodity prices, corn, wheat, soy, metals, meats, energy. Energy looks to have bottomed and has started lifting off a two month base suggesting higher prices in the coming months=higher inflation.
 
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