Do I need to even break down today’s performances for the main US indexes? Another economic data print and another day of sideways trading with mega cap tech outperforming. Almost all PPI metrics were down with core PPI (3.2%) decreasing for the fourteenth consecutive month. Initial jobless claims increased to 264k, the highest report in nineteenth months but it was not enough to entice volatility in the markets. Futures remained relatively unchanged after the data release, causing interest ra…
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