Friday morning, the market climbed.

Just past 10:50 am  ET the     $S&P 500 Index (.SPX.US)$ climbed 0.51% the        $Dow Jones Industrial Average (.DJI.US)$ climbed 0.73%, and the     $Nasdaq Composite Index (.IXIC.US)$ climbed 0.56%.

Friday, University of Michigan numbers showed consumers expect prices to inflate 2.7% in one year.

Last week, the number of Americans who applied for unemployment benefits rose slightly to 230,000, accordign to data Thursday. There was no sign of widespread layoffs even as the job market cooled, and the numbers were in line with the yearly average.

PPI data released Thursday also showed Producer prices climbed month over month, 0.3% Core and 0.2% normal, including energy and food. In the lead-up to the FOMC rate cut meeting next week, every indication of inflation is vital.

Wednesday, investors received inflation macro data. Consumer prices grew 2.5% year over year, the lowest CPI year-to-year growth from the Bureau of Labor Statistics since the beginning of the pandemic. It came in lower than Michigan Consumers Expected two days later.

Year-over-year Core CPI, which excludes energy and food, is unchanged from last month's 3.2%. Month over month, Core CPI climbed from 0.2% to 0.3%.

Last week, investors also got word from New York Fed President John Williams Friday that it is time to cut rates. Investors are awaiting the next FOMC rate decision meeting on Wednesday, September 18th.

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Yesterday, users overwhelmingly called the market Plato's Cave, and one user said Silver is like the New gold based on its crazy price run-up.

Traders, what do you think, is the market in 2024 about following the herd? What you watching on the stock market today? What is the herd following? Let me know in the comments below!

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