Market in Review 3/14/2024

MARKET REPORT

Review:
– US PPI rises most since August. Exp +0.3% Act +0.6%
– Energy and food primary drivers
– Core rate (Ex Food and Energy) Exp +0.2% Act +0.3% ALTHOUGH Prev +0.5%
– YoY +1.6% from Jan +0.9% surpassing Exp +1.1%
– US Retail Sales Exp +0.8% Act +0.6%
– Jan upwardly revised (ie lower) to -1.1% fall
– IE STRONGER THAN EXP PRODUCER PRICES AND WEAKER SPENDING
– US Jobless Exp -218k Act -209k
– Atlanta Fed GDP Now cut

Market in Review 2/29/2024


MARKET REPORT

Review:
– Another record day of BTC ETF inflows
– Bridgewater Dalio calls Mag 7 ‘a bit frothy’
– Cocoa sees biggest monthly gain in 22 years.
– M/E Tensions rise on Israel/Gaza food stampede deaths
– Core PCE prices +0.4% from Jan, sharpest rise in 1yr. Concerns slowing Disinflation.
– Unemployment claims highest in 3 months, points to some labour softening.
– Surprise Chicago PMI fall
– Soft Pending home sales
– Hawkish BoJ commentary
– Mixed EZ inflation figures
– Fed speakers stick to the script
– AI stocks soaring (SoundHoud, AMD, NVIDIA, Broadcom)
– Dollar, Gold, Equities up, Treasuries down
– BTC up but dumps in afternoon