Market Update and PPI Data Insights - Dividend Cafe Daily Recap
Host David Bahnsen fills in for Brian Szytel to deliver a daily market update. Despite some intraday movements, the market indices closed flat, with the DOW, S&P, and NASDAQ showing negligible changes. The 10-year yield rose to 4.28%, driven by a surprising 0.9% increase in the Producer Price Index (PPI) for the month. Goods prices remained low, while services saw more significant movement. The episode teases a deeper analysis on inflation and related data points, set to be discussed in the weekly Dividend Cafe commentary. Additional updates include a 2% rise in oil prices and stable initial jobless claims at 224,000.
00:00 Introduction and Market Overview
00:17 Market Indices Performance
00:40 Bond Market and PPI Impact
01:58 Upcoming Dividend Cafe Insights
02:41 Additional Data Points
03:18 Conclusion and Sign-Off
Links mentioned in this episode:
DividendCafe.com
TheBahnsenGroup.com
