About this episode

Brian Szytel recaps a mixed but positive market day, highlighting key economic indicators and their implications.

Brian Szytel recaps a mixed but positive market day with the Dow up about 45 points, the S&P 500 up 0.4%, and the Nasdaq up just under 1%, helped by a broad financial-sector rally despite somewhat mixed large-bank earnings. Oil rose with increased Middle East tensions and volatility around the Strait of Hormuz. The main story was a better-than-expected CPI report: headline CPI fell 0.4% versus expectations for -0.1%, and core CPI was essentially flat (-0.02%) versus a forecast of +0.2%, bringing year-over-year core to 2.6% and pushing the 10-year yield down about 3 bps to 4.58%, with Fed futures repricing to lower odds of hikes. He notes one print isn’t a trend, highlights a stronger NFIB Small Business Optimism Index, and explains why deflation is worse than modest inflation, citing Japan’s long period of minimal growth. 00:00 Market Wrap and Earnings 00:45 Oil Jitters Middle East 01:01 CPI Surprise and Rates 02:39 Fed Talk and Futures 04:12 Small Business Optimism 04:26 Inflation Versus Deflation 05:35 Japanification Case Study 06:34 Wrap Up and Sign Off Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

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