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The Producer Price Index (PPI) report came out on Thursday morning and confirmed the prior day's CPI report saying inflation is easing, and perhaps faster than analysts have suspected. The Dow gained 48-points which was well below the percentage gains of the S&P 500 and Nasdaq. Small caps also did well again as the rubber band continues to stretch. The dollar has been in free fall this month, so the I-fund is jumping.

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The CPI report on Wednesday showed more easing in prices and inflation and the stock market reacted as you might expect. The Dow gained 86-points, but because of some selling after the opening bell, that was 240-points off the morning highs. So the bulls were fully in charge in the morning after the emotional CPI report, but it was flat to down for the rest of the day as the indices get more and more stretched to the upside in the short-term. It wasn't a typical sell the news reaction because ...

Another rally for stocks as we head into today's key CPI Report. The Dow added another 300+ points and small caps have been moving up so rapidly that I feel like we're watching a rubber band getting stretched to the point of fraying. We can't deny that the action has been bullish, but the question is whether it can last or not. The technicals in the charts have been solidly positive but indicators and many fundamentals have some market participants and money managers remaining stubbornly bearish, ...

Stocks were mostly positive to start the new week as traders and investors position themselves for tomorrow important CPI report, and we get closer to earnings season. After the weaker than expected jobs report on Friday, there is optimism that the CPI will show inflation sliding down closer to the Fed's target area of 2%. The Dow gained over 200-points on the day and small caps led with another big rally. Bonds rallied as yields eased off of the recent highs, but the 10-year remains above 4%. ...

After a more favorable jobs report, if you want to call a weaker than expected jobs report favorable, stocks rallied in the morning on Friday. This came on the heals of Thursday's extremely strong ADP employment report that scared the market and sent stocks reeling. Perhaps the selling was an overreaction because buyers showed up on Friday morning to buy the less inflationary June monthly Jobs Report result. But by early afternoon, the buying stopped, and the selling resumed and the big morning ...