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Wednesday, April 20, 2005 10:18:17 AM
Chart of the Day - The Effect of a high PPI on the Market:
Today, the US Labor Department reported that the producer-price index (PPI) for finished goods rose 0.7% in March. The PPI is now 4.92% higher than it was one year ago and significantly higher than the current 4.20% yield of the 10-year Treasury note. While there have been some reports that are predicting a slow down in global economic growth, today's chart illustrates that producer prices continue to rise at an above average pace and that has tended to correlate with a struggling stock market. Stay tuned...
Today, the US Labor Department reported that the producer-price index (PPI) for finished goods rose 0.7% in March. The PPI is now 4.92% higher than it was one year ago and significantly higher than the current 4.20% yield of the 10-year Treasury note. While there have been some reports that are predicting a slow down in global economic growth, today's chart illustrates that producer prices continue to rise at an above average pace and that has tended to correlate with a struggling stock market. Stay tuned...
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