PPI update:

PPI update:

Good Morning Team,

Yesterday, the markets gapped up at the open, only to pull back and completely fill the gap before attempting a mid-afternoon rally. The major indexes closed up about 0.2%. We continue to see choppy sessions, but the positive sign is that buyers are stepping in at intraday lows, helping push prices higher.

This Morning’s Data:

PPI (Producer Price Index): Came in disappointingly weak at 8:30 AM, initially pushing futures into negative territory. They have since recovered part of that initial drop.

Unemployment Claims: 224K vs. 225K expected—essentially in line with forecasts.

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