#inflation data

NEW YORK — A confirmed U.S.-Iran peace agreement hit the tape over the weekend, and by Monday morning it had done something months of Fed rhetoric could not: it knocked 7 basis points off the 10-year Treasury yield, sent WTI crude tumbling 5.4% to $80.29, and pushed S&P 500 futures up half a percent — all before a single economic data point crossed the wire. 📊 Trader’s Take My read on this: the…

NEW YORK — A single presidential statement rewired the entire U.S. equity market Thursday, sending the Dow Jones Industrial Average up 930 points to 50,848.75 and the Nasdaq Composite surging 2.54% as President Trump announced the cancellation of planned U.S. strikes against Iran and said all points of a deal are essentially agreed. 📊 Trader’s Take My read on this rally is that the market bought…

NEW YORK — The U.S. 10-year Treasury yield climbed to 4.63% Monday morning, and the equity market is starting to feel it — the S&P 500 slipped 0.59% to 7,365, with the bond market signaling a message that stock bulls have been reluctant to hear: the rate-cut trade is not just delayed, it may be dead for 2026. 📊 Trader’s Take My read on this is simple: the bond market is doing what the Fed hasn’t…

NEW YORK — American consumers are losing confidence faster than Wall Street is losing patience with the Federal Reserve, and Friday morning’s University of Michigan reading just made both problems harder to ignore. 📊 Trader’s Take My read on this: the sentiment number isn’t the story — the velocity of the decline is. We’ve dropped from 71.1 in January to 48.2 today. That’s not noise. That’s a…

NEW YORK — Jerome Powell walked out of the Eccles Building on Thursday afternoon for the last time as Federal Reserve chair. What greeted his successor Friday morning was a 6% Producer Price Index print — the hottest wholesale inflation reading in nearly four years — and a futures tape that has turned decisively red. S&P 500 futures are down 0.92% to 7,456.25. Dow futures have shed 278 points to…

NEW YORK — The S&P 500 touched a fresh all-time intraday high Wednesday, even as the most important inflation number of the week arrived well above forecast and two-thirds of the index’s components traded in the red. 📊 Trader’s Take My read on this tape is simple: it’s a tech story wearing an index costume. The headline S&P number flatters a session where the majority of stocks are down. That…

April’s Producer Price Index rose 1.4% month-over-month, far above the 0.5% consensus estimate, pushing wholesale inflation to 6.0% year-over-year — the hottest reading since December 2022. The print landed one day after CPI came in at 3.8% annually, completing a two-day inflation shock that drove S&P 500 futures down 0.7% and the 10-year Treasury yield to 4.46%. With the Fed’s next meeting on…

NEW YORK — Equity futures are holding a tentative green as Wednesday’s session opens with one question that dwarfs everything else on the tape: will April’s Producer Price Index give the Federal Reserve permission to stay patient, or force the market to reprice rate-cut expectations for a second straight session? NEW YORK, May 13, 2026 — S&P 500 futures are up 0.1%, Nasdaq 100 futures are ahead…