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Producer Prices are Leading Indicator to Consumer Prices | Morning Express | 4.13.22

Posted: April 13, 2022, 8:42 a.m.

Bill Baruch, the author of the Morning Express, is on vacation with his family this week. The Morning Express will be thinner than usual, but his updated levels at a minimum will be provided. Please feel free to contact us with any questions. Thank you.


- U.S. Producer Price Index for March surges past expectations with a headline read of 11.2% YoY and +1.4% MoM.

- Core PPI at 9.2% YoY and 1.0% MoM

- China Trade Balance showed a widening surplus with Exports topping expectations at 14.7%.

- Although strong Exports a positive sign for the world economy, much has been in the news recently about China’s worsening prospects at home after battling a new virus outbreak. China’s Cabinet said RRR cuts will be used advantageously to aide growth.

- Earnings season underway.

- JPM missed EPS but topped Revenues and is down 3% ahead of the bell.

- BLK topped EPS but missed Revenues, stock is unchanged.

- Delta topped both top and bottom with less of a loss than expected, stock is +4.5% premarket

- UNH, TSM, WFC, MS, GS, C, and more tomorrow.


 

E-mini S&P (June) / NQ (June)

S&P, yesterday’s close: Settled at 4393.00, down 16.00

NQ, yesterday’s close: Settled at 13,945.00, down 55.00

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NQ (March)

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Crude Oil (May)

Yesterday’s close: Settled at 100.60, up 6.31

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Gold (June) / Silver (May)

Gold, yesterday’s close: Settled at 1976.1, up 27.9

Silver, yesterday’s close: Settled at 25.735, up 0.748

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Silver (May)

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Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.


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If you have any questions about markets, trading, or opening an account please let us know! You can email us at [email protected] or call 312-278-0500.

Futures trading involves a substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.



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