Loading ...yeah oil looks great, no doubt on the back of the weaker USD or maybe it’s the yuan/oil exchange that is supposed to happen on the 18th – who knows?
The PPI was actually lower than expected – inflation dropped.
I seriously doubt had the PPI indicated higher inflation it would have helped anyway – rates would have risen, USD strengthened, and pm’s kicked in the scruds.
I think Farmboy has the right idea – they are terrified (I guess) of pm’s rising nothing else I can think of explains it.
But lo and behold, look at that DOW up another 150