Market Analysis

The bond market improved this morning as money left the stock market and "parked" itself in bonds.  The surging price of crude oil and its impact on the prices of gas at the pump has investors in equities concerned about the American consumer's ability to absorb the gas hikes.  This mornings Producer Price Index also was a surprise.  The headline number at .2% increase was less than the .4% increase expected.  However the core number, stripping out food and energy costs to wholesalers, was up .4% instead of .2%. 

Posted by Matthew Breston on May 20th, 2008 12:26 PMPost a Comment (0)

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