PPI inflation data drops today.
The data drops in T-1 hour.
Here are my thoughts👇
#PPI measures the change in the price of finished goods and services sold by producers. After today, the markets will have all the inflation data for the week.
📊 PPI M/M Forecast = 0.3%
1️⃣ Below forecast: Fears of sticky inflation cool ➔ Bullish for monetary policy ➔ Looser policy = Risk-on environment.
2️⃣ Above forecast: Fears of sticky inflation rise ➔ Bearish for monetary policy ➔ Tighter policy = Risk-off environment.
Despite a 'cool' #CPI print yesterday, markets are currently trading lower than when the data was released. ‘Good news’ has so far been sold into.
Lets see what PPI brings.
In the short term, data events often trigger a classic ‘Economic Events Whipsaw’ — algos hunt both longs and shorts.
The real move unfolds over the next 1-2 weeks.
Stay safe and manage risk! 🦎
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BUT THIS IS EXACTLY WHAT I WAS TALKING ABOUT!
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One of the reasons why I stopped market making is because I couldn't sleep at night knowing how many innocent lives I destroyed.
I've already been threatened with a "legal order" [subpoena attempt via Twitter] but I'm risking it ALL for you guys.
Retweet to save a life!
Retar Dio.
CLOSED BORDER: Democrat-controlled cities across the US are spending millions of taxpayer dollars aiding and abetting criminal illegal aliens. For example, Austin's Equity Office is hosting zoom calls teaching illegals to evade arrest. @RealTomHoman
h/t @Carlos__Turcios