kriesau said:CPI up 0.5% compared to expectations of 0.4%.
Futures market seems to like this number and has immediately shot up over 30 pts.
Perhaps they were worried that it was going to be greater - still it seems a bit strange !
kriesau said:CPI up 0.5% compared to expectations of 0.4%.
Futures market seems to like this number and has immediately shot up over 30 pts.
Perhaps they were worried that it was going to be greater - still it seems a bit strange !
macbonzo said:The Core CPI was flat (0.2% was expected). Market looks more closely at the core number.
roguetrader said:Not sure if my interpretation of this is correct, but here goes, the above consensus resullt in the context of yesterdays above PPI is a positive for the market as it represents the ability of companies to pass on the higher cost of doing business. An at or below consensus following yesterdays data would have been bad, I think
roguetrader said:Not sure if my interpretation of this is correct, but here goes, the above consensus resullt in the context of yesterdays above PPI is a positive for the market as it represents the ability of companies to pass on the higher cost of doing business. An at or below consensus following yesterdays data would have been bad, I think
Actually I did have my picnic but only until 6.30pm when the americans had finished their last Coors and were due to return from lunch.JFK said:good call friday or did you go for your picnic (re 4140)???
gmca686 said:On my long term Dow chart the 50 day SMA is dropping through the 200day SMA today, very bearish, but the Dow itself has just exploded up through both. So which will win? The SMA dead cross? or the power of the PPT in pulling the market up?
regards,