SUMMARY OF US SEPTEMEBER PPI REPORT:
1. U.S. PPI inflation rose 2.2% Y/Y, blowing past expectations for a 1.6% increase.
2. After falling to a low of 0.1% in June, headline PPI has now accelerated for the third straight month.
3. The annual PPI rate is now back at the highest level since April.
4. U.S. core PPI rose 2.7% Y/Y, acclerating from the 2.5% increase in August.
5. Headline core PPI is now back at the highest level since May.
6. Bottom line, inflation is still too high for the Fed. $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$
2. After falling to a low of 0.1% in June, headline PPI has now accelerated for the third straight month.
3. The annual PPI rate is now back at the highest level since April.
4. U.S. core PPI rose 2.7% Y/Y, acclerating from the 2.5% increase in August.
5. Headline core PPI is now back at the highest level since May.
6. Bottom line, inflation is still too high for the Fed. $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$
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Expendabiggles : And SPY still being pumped. What else is new.
Expendabiggles : Top 5 companies “supposedly” holding up the entire market could implode and the pumping still wouldn’t stop, change my mind.