WEEKLY MARKET DIGEST: STOCKS THROW A TANTRUM, DEFLATION COMES TO THE U. S., AND OIL FALLS $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) DEFLATION AT PRODUCER LEVEL COMES TO THE U. S., OIL BREAKS SUPPORT March 13, 2015 Producer Price Index PPI came at minus 0.5% vs. plus 0.3% consensus. Core PPI came at minus 0.5% vs. plus 0.1% consensus. These are deflationary numbers at producer levels. In our analysis, taking into account other indicators, the U. S. is in disinflationary mode and not yet in deflationary mode. Oil is falling and has broken a major support at