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- Don't fight the fed, Watching PPI
Don't fight the fed, Watching PPI
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I wouldn’t say I was wrong, as there were some good sell-offs, but despite the uptick in inflation, the market managed to rally. These markets are geared to spin bad news into positive momentum. Today, we’ll get a look at the October Producer Price Index (PPI), and Jerome Powell will speak in Dallas. Friday brings retail sales and the November options expiration. The PitBull mentioned he’d be looking for a low to buy, expecting a rise into expiration, as the Dow has been up in 15 of the last 21 occasions.