Wednesday, October 14, 2020

Daily Market Report 10/14/20 The Producer Price Index, or PPI, rose 0.4% in September; same for the Core PPI, which excludes food and energy.  The Core PPI jumped from 0.6% in August to 1.2% in September on a Year over Year (YoY) basis.  Surprisingly, this hasn't had much impact on the Markets.  Stocks are Up this morning.  Yesterday, they were all in Positive Territory; however, after I provided my report, the DOW and S&P went into the Red.  We have more financial companies and banks releasing their Q3 Corporate Earnings today, which is having the most impact in the Market; however, the recent pause for Pharm Companies J & J and Eli Lilly pausing their trials have some investors concerned over another wave of outbreak.  There are several Fed Members speaking today, which may have some impact in the Market.

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