The S&P 500 Index ($SPX) (SPY) today is up +0.16%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.27%.
Stocks are trading slightly higher despite today’s bearish PPI and retail sales reports. The reports suggested a stagflation outlook due to the stronger-than-expected PPI report and weaker-than-expected retail sales report. Stocks are also shaking off today’s hefty +6.9 bp rise in the 10-year T-note yield.
