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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (293)	2/16/2001 10:03:44 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

From Briefing: Key Factors The 0.7% surge in the core is key concern, core ex-cigarettes/autos up 0.3%. Core pressure widespread: tobacco, autos, trucks, ships, lawn equipment. Energy jumped 3.8% and food rose 0.8%, powering the overall index. PPI annual growth spiked to 4.8%, highest since December 1990. Annual core growth remains fairly tame at 2.0%. Pipeline pressures in non-core components, intermediate core +1.5% yoy, crude core -7.4% yoy. Big Picture The coming growth in the PPI core component is of key importance given the January surge as oil prices provide the key burn in the wholesale price index. January's surge leaves a 4.8% annual growth was a decade high and offers concern though the pipeline to consumer prices is full of holes. Pipeline core pressures have softened and suggest lower inflation on the horizon as does the downturn in the economy as the tobacco/energy gains in early 2000 work out of the annual growth calculation. Core crude goods prices are actually lower than a year ago (deflation). The bottom line is that annual core PPI offers concern going forward but remains relatively tame and doesn't suggest signs of broad-based commodity price pressures.