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Daily Market Report 9/11/19
http://MikesDailyMarketReport.com: Producer Price Index, which gauges inflation with Wholesalers, rose 0.1% in August, and it's YoY rose from 1.7% to 1.8%. When you strip out Food and Energy, then you have the PPI, which rose 0.3% in August, and it's YoY rose from 2.1% to 2.3%. Wholesale Inventories jumped Up 0.2% in July. Stocks are Up this morning, as it's a relatively quiet news day; however, many Investors are reviewing their trading patterns and reviewing stocks that have been unpopular and re-evaluating the popular ones. MBS is Up 6bps, but it's Unchanged from it's pricing from yesterday's close, which we had a few price changes for the worst throughout the day, as the MBS/Bonds keep sliding down. Meanwhile, Yields keep rising and is currently sitting at 1.73%.
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