More good news today for the US economy, this time from the Producer Price Index
Jay Soloff
Argonath Financial
More good news today for the US economy, this time from the Producer Price Index. PPI climbed 0.6% in April, well above analysts' estimates of 0.2%. It's the highest monthly gain since September 2012. The price increases were broad-based, from food to transportation, and signals a potential improvement in economic conditions. With inflation being somewhat elusive of late, price increases are a good thing (as long as inflation remains below the Fed's target of 2%). Core PPI, which strips out food and energy, was up 0.5% as well - meaning the increase is less likely to be volatile in nature. (VIEW LINK)
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market maker on the floor of the CBOE, as a consultant on Wall Street, and as a senior analyst at a multi-strategy hedge fund. You can visit my website at www.argonathfinancial.com.
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Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
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