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

To: Haim R. Branisteanu who wrote (14671)	5/23/1999 9:34:00 AM
From: Les H	Read Replies (2) \| Respond to of 99985

The next trade balance report could be extremely poor also. The last report only captured the March rise in crude of 10 percent. The next report will capture the other 50-70 percent rise in the price in April. The CPI is more likely to surprise than the PPI --- even if the crude price settles back in the non-core inflation, the price of crude will be reflected more in the core numbers by then. A bank analyst was on the radio the previous weekend and predicted that April-June inflation numbers will be very high before settling back. He expects the correction in the market already underway to last till July or August.