Monday morning befire a Fed meeting and it still can't reclaim its 50. The market is watching one thing,inflation inflation,inflation, Supose Gentleman Jay alludes to something like, "we've spent Trillions on this market, better growth figures should have materialized by now". Why isn't the velocity of money exxploding higher? JMHO
3 replies to this topic
#2
slupert
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Posted 14 June 2021 - 03:44 PM
Lets see what the PPI says.
#3
fib_1618
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Posted 14 June 2021 - 06:54 PM
The market is watching one thing,inflation inflation,inflation.
More like the transports are watching the price of crude oil, of which, its life depends.
Then again, truckers and shippers just raise the costs to the end user, which is inflationary, but not if productivity keeps pace.
Regardless, things like this have little to do with market dynamics...it strictly depends on how much investment capital that's available, and then, when it's put to work (or not).
Fib
Edited by fib_1618, 14 June 2021 - 06:55 PM.
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#4
MikeyG
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Posted 15 June 2021 - 09:58 AM
Bond market reaction to PPI is muted- old news- Uncle Joe is not going to get his agenda through, which is bullish for stocks- more up likely!
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