PPI GUT PUNCH TO ‘DATA DOES NOT MATTER’ INVESTORS IN THE STOCK MARKET, BESSENT WANTS 150 BPS RATE CUTS
By Nigam Arora
To gain an edge, this is what you need to know today.
Hot Inflation Data
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows the stock market hit a new high yesterday.
- The chart shows the stock market drop after the release of the Producer Price Index (PPI).
- The chart shows the stock market is comfortably above zone 1 (support).
- RSI on the chart shows the stock market is overbought.
- Treasury Secretary Bessent says interest rates should be 150 – 175 bps lower.
August 14, 2025