The major indexes slid lower Friday morning following a hotter-than-expected inflation report — and more in Friday’s stock market recap.
The Producer Price Index, which gauges how much companies spend on their products and services, rose 0.3% month over month and 7.4% year over year.
But I’m more concerned about the Core PPI, which excludes food and energy prices. Core PPI rose 0.4% on a monthly basis and 6.2% for the year, versus expectations of 0.2% and 5.9%, respectively.
Investors are now looking ahead to Tuesday’s Consumer Price Index report, which will offer more inflation data ahead of the Federal Reserve’s next meeting starting Dec. 13.
In this morning’s stock market recap video, I’ll discuss what today’s PPI means for the market… how low the bond market is likely to go… an update on major earnings reports and why it’s important… if major sector rotation is pushing our favorite sector lower… if volatility will sink or swim… plus the best way to take advantage of the current market cycle.
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In just a matter of days, the Federal Reserve is doing something that could send shockwaves yet again through the market…
Stocks could soar or plummet in a matter of minutes.
That’s why Chuck Hughes has been working on an underground project to help traders get in front of the big announcement…
And we’re going LIVE at 1:30 p.m. ET TODAY, Dec. 9, for the big reveal!
It’s a presentation you don’t want to miss… And the best part is it doesn’t cost a thing to attend!
P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
On Fridays, we’ll review the week that was… We’ll discuss how our trades did, what we learned and how to apply it to next week’s trading plan, and any developing trade setups. This video will put a bow on the week. We’ll also go over winners from my different member strategies.
Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to support@marketgeeks.com!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.
