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PPI Matches Expectations, But Core Inflation Stubbornly High — What to Watch Today

by | Jan 14, 2025

Stocks are moving higher premarket on the heels of the latest Producer Price Index inflation report, which gauges what producers are paying for items month over month and year over year. 

Of course, when producers are paying more, they pass those costs on to consumers. 

The three major indices were up about 0.2% ahead of the report, quickly shot even higher ahead of the open. Though, they have come back down off the highs so we’ll have to see how things shake out once we open. 

I will say that I’m not loving this market…

The important number is year over year, which came in at 3.3% vs. consensus expectations of 3.3%, so in line but worse than last year’s 3.0%.

Excluding more volatile food and energy prices, the number is 3.5% vs. consensus expectations of 3.4%, the same number it was a year ago. So this data point in particular is very bad.  

So once again we see that inflation is NOT in fact getting better, and the Federal Reserve is failing. But the numbers were good enough to give the market a bump. 

The Consumer Price Index report is out at 8:30 a.m. ET tomorrow, Jan. 15, reversing the usual order we get these two market-moving numbers. 

 We also have big banks kicking off earnings season Wednesday when JPMorgan (JPM), Citigroup (C ) and Wells Fargo report before the open…

I’ll cover all that, my daily hitlist of longs and shorts and more in this morning’s “Premarket Must Watch” video!

Roger Scott
Roger Scott Trading

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P.S. A Trade to Get Ahead of Wednesday’s BIG Inflation Data

Wednesday’s CPI report is set to make waves through the market, which is the kind of event I LIVE for…

The kind of events that have HUGE potential. 

Which is why at 1 p.m. ET today, I’ll be live to show you why I believe this ONE stock could see a major rally after the CPI print. 

PLUS: The exact system I’ve used to go 24 of 26 trades over the past 7 months. 

Now we cannot promise future gains or prevent losses, but If you want to tag along…

You Can Join Me Here

The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. The trades expressed are from back tested data in order to demonstrate the potential of the system, unless otherwise stated. From 12/16/2022 – 1/9/25 on live signals the win rate is 78.79%, the average return per trade is 11.14% (winners and losers) over a 8 day average hold time.

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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