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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (37373)1/13/2000 10:32:00 AM
From: Cathedra  Read Replies (1) | Respond to of 99985
 
I couldn't find the PPI report on Yahoo. Here is the link:

cbs.marketwatch.com

The initial reaction was strong. Dow +32, Nasdaq +78, S&P +8.13 and 30-year bond yield went down to 6.675%. Now (10:28 am) Dow -10.24, Nasdaq +12.84, S&P +1.92 and 30-year bond yield is back to 6.69%. Could it be that the market realizes that (a) inflationary pressure from energy and raw material is not a footnote and (b) tomorrow's CPI data may yet show inflation via wage pressure?