The Producer Price Index or PPI gained .4% in May on rising energy and trade service costs. On a year ago basis the PPI fell .1% so despite a big jump for the month wholesale price pressures remain weak.
The Treasury International Capital or TIC report comes out after the close, domestic stocks have not been popular with foreigners of late so will see if this trend continues.
This is Caleb Lawrence Registered Investment Advisor Scotts Valley Drive and Willis Road in the Scotts Valley Plaza, Suite 202 or call me toll free at 888-RICH PIG / 888-742-4744.
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