TSP Talk Blog

A normally uninteresting Producer Price Index report came out yesterday, and not only was it better than expected, but it was down sharply where estimates were for higher prices (-0.5% actual vs. +0.01% est.) This got the bulls' attention and perhaps some capitulation from some stubborn bears and we got a strong rally off that data which, unlike the CPI report on Wednesday, held into the close. The Dow gained 384-points and we saw a gain of 1% to 2% through most of the indices, although the economically ...