The market is set to rally following Thursday morning’s producer price index number — and more in Thursday’s stock market recap.
The Producer Price Index (PPI) is used to gauge inflation at the wholesale level and reveals how it affects producers, who then pass any increases on to consumers.
Following Wednesday’s lighter-than-expected Consumer Price Index number, which indicated that inflation may be easing a bit, July’s PPI actually fell 0.5%. The consensus range was 0% to 0.4%.
The major indexes are already coming off a strong Wednesday thanks to the CPI. The Dow, S&P 500 and Nasdaq were all up at least 0.6% premarket.
In this morning’s stock market recap video, I’ll reveal an update on inflationary pressure and what the Federal Reserve is telling us… how the bond market is reacting to the latest round of news… which sector is starting to make noise and why… which sectors to avoid or trade short right now… plus my top ETF and option pick!
I just went live to reveal my No. 1 Frontrunner Stock for the rest of 2022…
Not only that, but I also discussed the core factors behind what I call “Frontrunner Stocks,” how to build your own custom ETF, portfolio management and more.
I even went into great detail on the formula used to backtest the Frontrunner Portfolio, and shared the results!
*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From 5/23/22 to 7/12/22 on live trades the average win rate is 100%, the average return is 15.3% over a 3 day average hold time.
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