Financial Review

What Inflation?

Informações:

Synopsis

….Stocks post 4th day of gains. CPI shows inflation up 0.5%, yawn. Retail sales slip. Chipotle hot again. Cisco has revenue again. Fannie Mae in the red again. Uber, Buffett, Apple. SpaceX wants to launch broadband satellites. Financial Review by Sinclair Noe for 02-14-2018   DOW + 253 = 24,893 SPX + 35 = 2698 NAS + 130 = 7143 RUT + 27 = 1522 10 Y + .07 = 2.91% OIL + `1.50 = 60.69 GOLD + 20.90 = 1351.20   Stocks started the morning in the red, following a CPI report showing inflation. Investors shrugged off stronger-than-expected inflation data and snapped up shares of Facebook, Amazon.com and Apple. Facebook jumped 3.7 percent while Amazon.com and Apple both rose more than 1.8 percent. Since Thursday, the S&P 500 has surged 4.56 percent, its strongest four-session performance since mid-2016. The index remains down about 6 percent from its record high on Jan. 26. The CBOE Volatility index fell below 20 for the first time since Feb. 5. Treasury yields were higher, with the 10-year hitting 2.91% and the 2-year