April's consumer price index report is due out on Wednesday and economists expect that it rose 0.4% in April on a month-over-month basis, or 3.4% from 12 months earlier. Traders are hoping that a return to Federal Reserve rate hikes is largely off the table despite a recent slew of hotter-than-expected inflation prints.flickered near the flatline Monday evening as Wall Street braced itself for the release of the producer price index reading for April on Tuesday.
With investors looking toward Wednesday's CPI report, Toms believes"the bar for ever more hawkish surprises is getting higher." Consequentially, the strategist believes even in-line expectations could be another catalyst for risk assets to climb higher.There's been so much love for one global chip stock that as many as 14 analysts upgraded it in the past two weeks.
The stock's been soaring on the artificial intelligence boom. It's up around 35% so far this year, and 60% since a year ago.While value stocks continue to outperform in Europe, growth stocks are currently benefiting from improving forward guidance in the U.S., according to Barclays. "Rates fell from their recent highs after Fed's dovish turn, further boosting the outlook for Growth," strategist Venu Krishna wrote."We remain Positive on Growth in the US, while being Neutral on Value across both regions given that peak rates are behind us.""In the U.S.
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