The new data comes after January's consumer price index and retail sales report were both higher than expected, suggesting that the Federal Reserve may have further to go in its efforts to tame inflation.
"Both inflation readings this week point to the stickiness of inflation and that the fight isn't over, especially when considering today's PPI reading was the highest month-over-month increase since early summer," said Mike Loewengart, head of model portfolio construction at Morgan Stanley."It shouldn't be a surprise to see the market take a breather as hopes of a dovish Fed in the coming months fade," he said.
Natural Gas buy 2.5 years low ... opportunity
Do government bonds go up? What if interest rates go down?
The only big tech stock rewarded/went up today is DOCU, why ? It will layoff people. So weird. The Fed and Wall Street want more layoffs. 😁
Bond market seems to get it...I guess on the equity side reality is starting to set in. 'Don't fight the FED'.
They will bounce back
ClosingBell Lucky you Wapner. LizYoungStrat CameronDawson You got to spend time with the 2 hottest women on Wallstreet.
ClosingBell Why do I get the Feeling some on CNBC are disappointed that stocks have Rallied?
ClosingBell cnbc where are we with the market?
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