PPI Surges 1.1% to 3-Year High While S&P 500 Gains 1.75%

On today's episode of Market Brief – After Hours, wholesale inflation just came in at its hottest level in three years — a 1.1% monthly jump with an annual rate of 6.5%, well above what economists were expecting. Energy prices were the engine behind the surge, and yet equities rallied hard, with the Dow adding over 900 points and the Nasdaq climbing 2.5%. We break down what's driving the disconnect, where oil and gold are trading, and what the move in EUR/USD and GBP/USD tells us about dollar sentiment heading into the rest of the week. Hosted on Acast. See acast.com/privacy for more information.