Pallongium

embracing the precious metal...........again

The latest economic data point was the producer price index, which a month ago came in white hot (probably due to tariffs). Today, however, not only was the former number reduced from 0.9% to 0.7%, but the latest report is actually showing deflation, with a 0.1% drop.

The effect on the equity futures was immediately, which was another thrust for the /ES …