4/12/2021 10:10:56 AM GMT
PPI explodes higher…..will CPI follow?
Powell takes to 60 mins and says again – ‘Don’t worry’.
Big macro data week and earnings are set to begin on Wednesday.
Global markets all lower as consolidation begins.
Try the Spaghetti al’ Tonno.
Friday 8:30 am……the gov’t was expected to announce the PPI report……and then nothing…….no announcement…. the screen was blank….…. the gov’t had a ‘tech failure’ that prevented the data from hitting the tape…. leaving investors, and markets to wonder what had happened…. the news finally hitting the ‘Twittersphere’ at about 8:45 am…and what did it show? It showed a surge in input prices, it showed exactly what we had feared and what the FED had been preparing for all week….