Chart of the Day
Today, the US Labor Department reported that the producer-price index (PPI) for finished goods rose 0.7% in March. The PPI is now 4.92% higher than it was one year ago and significantly higher than the current 4.20% yield of the 10-year Treasury note. While there have been some reports that are predicting a slow down in global economic growth, today's chart illustrates that producer prices continue to rise at an above average pace and that has tended to correlate with a struggling stock market. Stay tuned...
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Source - BLS
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Quote of the Day
"The stock market never really changes that much. What happened before will happen again and again and again." - Jesse Livermore
Events of the Day
April 22, 2005 - Earth Day
April 23, 2005 - NFL Draft begins (ends April 24th) - Passover (1st day)
April 27, 2005 - Administrative Professionals Day
April 28, 2005 - Take Our Daughters & Sons to Work Day
April 29, 2005 - Arbor Day
May 01, 2005 - May Day
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