WEEKLY MARKET DIGEST: LOTS OF GEOPOLITICAL TURMOIL: STOCKS RESILIENT, GOLD STAGNANT AND BONDS RISING $GLD $SLV $USO $SPY $QQQ
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) GOOD INFLATION DATA, RALLY FOR STOCKS, AND BREAKDOWN FOR GOLD August 15, 2014 As our long time subscribers know Core PPI has a heavy weight in our models. The reason is that inflation often shows up at the producer level long before it shows up at the consumer level. July PPI came at 0.2% vs. 0.2% consensus. Our pre-market indicators are predicting a strong rally in stocks at least in the early going. Gold is