📈What PPI Tells Us About Inflation......

Producers price Index is out and shows clearly that inflation has peaked. Below are the actual numbers.

Core PPI (MoM) (Mar) -0.1%

Core PPI (YoY) (Mar)3.4%

PPI (MoM) (Mar) -0.5%

PPI (YoY) (Mar) 2.7%

PPI ex. Food/Energy/Transport (MoM) (Mar) 0.1%

The estimates and previous are as follows:

Core PPI (MoM) (Mar) 0.3% 0.0% 

PPI (MoM) (Mar) 0.1% -0.1%

Core PPI (YoY) (Mar) 3.4% 4.4%

PPI (YoY) (Mar) 3.0% 4.6%

PPI ex. Food/Energy/Transport (MoM) (Mar) 0.1% 0.2%

For a more in depth look of what to stocks will move today watch the video below. If short on time go the the 17:00 minute mark and listen to what I say about the Nasdaq / SP500 correlation and what it is telling us.

Wishing Everyone Massive Success in 2023 🍾