The initial reaction after the US CPI data was toward a lower dollar, but we are seeing a rotation back higher. Prices are back near premarket levels currently. US stocks moved to the upside. The futures are now implying:
- Dow up 86 points
- S&P index of 24 points
- NASDAQ index up 122 points
Owners equivalent rent rose by 0.2% which is a slowdown. Used car prices were higher however as was food at home.
US yields are lower:
- 2 year 4.138%, -1.0 basis points
- 5-year 4.091%, -0.6 basis points
- 10 year 4.226%, +0.5 basis points.
- 30 year 4.426%, +2.0 basis points.
In commodities:
- Crude oil is up $0.79 and $69.37
- Gold is up five dollars at $2698.40
- Bitcoin is up $2120 at $98,768
