Hello for the rubble capitals, hope you're well. So we've got some new inflation data out, the PPI, and unfortunately it's going in the wrong direction. It is going back up, it shocked markets. They're expecting 0.3 and we got 0.5 increase. But what we need to do now is dive into the numbers to see why this exceeded expectations and then we need to see how the

10-year Treasury yield is responding, how gold is responding, oil and the dollar.

Keep in mind, the headline CPI number comes out tomorrow.

So let's get right over to this report from

C and check out the details.

So wholesale inflation rose 0.5% in September more than

expected. Like I said in the headline, this is not good news. The producer price index increased 0.5 against the Dow Jones estimate of 0.3 excluding food and energy core

PPI was up 0.3 versus the forecast, 0.2. Inflation pressures come, excuse me, inflation

pressures came primarily from final demand goods which surged 0.9% on the month while services increased 0.3.

The main reason for the increase, which is why I think Wall Street is kind of not really ignoring it, but they're not paying much attention to it.

Let's just say that.

Or why it's not impacting the S&P 500 more is because the majority of this increase came from gas prices.

Let's keep going through the report though because this is one metric that according to the

Fed if you want to take them at their word

they pay a lot of attention to

and this has impacts for rate increases or maybe you know pausing a little bit longer or rates being higher for longer,

you know, maybe that narrative.

So the PPI, which measures costs for finished goods.

We talked about that.

This is less than the 0.7 increase in August.

Okay, so it's down slightly, but it's exceeded expectations by 0.2% excluding Finan Energy Core

PPI was up 0.3% okay we know that market showed a mild reaction I guess that's

...