The View from 5th Avenue

The View from 5th Avenue – 13 August 2024

After consecutive trading days with dismal volume, main US indexes were boosted higher thanks to a welcomed soft PPI print this morning. We were confident that the economic data this week would be underneath a microscope with data prints determining the outcome of the market for the day. Today confirms that theory as core PPI YoY came at 2.4% (est. 2.6%) for July, sending US treasury rates lower and Indexes higher. We shouldn’t get out over our skis just yet as tomorrow morning brings, more imp…

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