Brace yourselves for the PPI TIME: Today 12:30 UTC PPI = producere price index There's TWO types: Headline & Core a) HEADLINE = goods, services, food, energy => more volatile due to energy cost swings b) CORE = other services excluding food, energy, and trade => more abstract, less volatile Nine releases this year (1/month) - bellow consensus 3/9 for headline and 5/9 for core - above consensus 5/9 for headline and 4/9 for core The latest FOUR core releases all below consensus We also had a dump after yesterday's CPI => a relief is due today Position yourself cautiously - my personal feeling is that we're not going straight down and we might even bounce