S&P hit another ATH yesterday. 27th record close this year. Market's basically ignoring everything except the data that says "no rate hike in September."
PPI came in cooler than expected. CPI already soft on Wednesday. So now everyone's comfortable again.
Workday up 21% on buyout rumors. Cisco and Cerebras both ate it post-earnings. Oil dipped because Trump's pivoting to economic pressure on Iran instead of military.
Gold's stuck near its 200-day MA around $4,484. Korea's Kospi ripped 22% in 10 days on the AI chip narrative.
Jobless claims ticked up slightly to 209K but continuing claims dropped. BofA noted AI-driven IT price gains are keeping inflation a bit sticky even as the rest cools.
Market's in full "good news is good news" mode right now. Just don't forget how fast that flips.
PPI came in cooler than expected. CPI already soft on Wednesday. So now everyone's comfortable again.
Workday up 21% on buyout rumors. Cisco and Cerebras both ate it post-earnings. Oil dipped because Trump's pivoting to economic pressure on Iran instead of military.
Gold's stuck near its 200-day MA around $4,484. Korea's Kospi ripped 22% in 10 days on the AI chip narrative.
Jobless claims ticked up slightly to 209K but continuing claims dropped. BofA noted AI-driven IT price gains are keeping inflation a bit sticky even as the rest cools.
Market's in full "good news is good news" mode right now. Just don't forget how fast that flips.