PPI just nuked expectations đ„
September PPI came in at +6.3% YoY vs 5.3% expected. Even hotter than yesterday's CPI print.
Micron, $QQQ, $NVDA actually bouncing slightly after the data drop. Market not dumping further = bad news already priced in.
Watching $CRWV at close. Key level: 52-week low at $60.55. If it holds, we might see a bounce. If it breaks, next leg down incoming.
September PPI came in at +6.3% YoY vs 5.3% expected. Even hotter than yesterday's CPI print.
Micron, $QQQ, $NVDA actually bouncing slightly after the data drop. Market not dumping further = bad news already priced in.
Watching $CRWV at close. Key level: 52-week low at $60.55. If it holds, we might see a bounce. If it breaks, next leg down incoming.