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E-Mini S&P 500: Were you buying after yesterday’s close?
Despite sluggish earnings from Google, the markets finished higher across the board today! The economic data this morning lite the fire under the bulls. Consumer Sentiment came in better than expected. CPI -- excluding food and energy – was up 0.1 percent after increasing 0.2 percent the prior month, and below analysts' expectations for a 0.2 percent rise. Inflation-adjusted earnings for all private workers fell 0.5% in March, the worst monthly drop since July 2008, according to Labor Department data. Nominal wages were flat while consumer prices climbed more than 0.5% for a second straight month. The consumer prices may have risen due to the higher food and energy costs. Industrial Production was up 0.8 percent. The day had a bullish tone after going through a temporary down-trend earlier in the week. Earlier in the week, Goldman Sachs had announced to their clients that they should liquidate their commodity positions.
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