Movers and shakers!
By John Thorpe, Senior Broker
Today was a reversal day in a majority of the markets we all follow.
From the Energy Markets giving back some of their gains from the past few trading sessions, to the Precious metals , inching a little higher after a tremendous downward push yesterday.
Soybeans, while still in a strong up trend saw profit taking along with Corn and KC Wheat.
Equities have been struggling to maintain the election rally. The Bond markets slide was halted for a day.
Perhaps all this uncertainty is a result of the anticipation of tomorrow mornings CPI release.
This Economic data point has been one of the most talked about by the voting members of the FED and may portend a shift in policy..
Do keep an eye on changes in the CME FedWatch data (FedFund Futures) tomorrow, this will give traders an insight into future market direction. Higher inflation, leads to higher Bond yields, Higher Yields lead to lower bond prices, and greater hesitancy by the FED to lower rates anytime soon.
Lower CPI numbers are favorable to lower rates in the near term, therefore Higher Equity prices.
Plan your trade and trade your plan.
Today’s Movers
Today’s News:
Updated: January 14, 2025 6:23 am
**NFIB December US small business optimism index: 105.1 ; prior month 101.7 ; expected 100.0
Updated: January 14, 2025 7:31 am
US Producer Price Index (PPI) Headline Recap
**US December Producer Price Index (PPI) Final Demand: +0.2%; expected +0.3%
**US December Producer Price Index, ex. Food & Energy (PPI): 0.0%; expected +0.3%
**US December Personal Consumption: +0.3%
**US November Producer Price Index (PPI) Final Demand revised: +0.4% from +0.4%
Updated: January 14, 2025 7:55 am
Redbook Weekly US Retail Sales Headline Recap
**Redbook Weekly US Retail Sales were +4.0% in the first two weeks of January 2025 vs January 2024
**Redbook Weekly US Retail Sales were +4.0% in the week ending January 11th vs yr ago week
Watch Tomorrow’s Movers and Shakers:
7:30 AM CST CPI Consumer Price Index!
Here is Econoday.com’s consensus view |
