Markets Face Reality

PPI came in hot today. Goods inflation rose 1.1%, while services remain sticky, putting additional pressure on the Fed. Markets are hoping for rate cuts, but that now looks less likely. David discusses why the short-term outlook isn’t promising. . . . The information contained in this post is general in nature and for informational purposes only. It should not be considered as investment advice or as a recommendation of any particular strategy or investment product. This post is not a solicitation or an offer to buy or sell any specific security.