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REDDIT
What do you think will impact more markets today? inflation data or geopolitics?
After the rollercostaer of this week, Interestingly, the market largely ignored hotter than expected Producer Price Index data. Instead, traders focused on the possibility that lower oil prices could ease inflation pressures going forward.
The biggest takeaway for me is the market is still extremely sensitive to energy prices and geopolitical headlines. One headline about war sent oil soaring earlier this week, and one headline about a possible deal erased much of that move in a single afternoon.
Are you staying with stocks for the weekend?