The Market Gains Held

Yesterday we got two key pieces of information and the market made a new all-time high.

PRE-OPEN MARKET COMMENTS THURSDAY - The market gapped higher yesterday when the CPI came in at .2% (.3% expected). The gap up held and hawkish remarks from the Fed did not spoil the rally. This morning the PPI came in at 0% and that was lower than expected (.3%). Initial jobless claims increased to 242K and that is one of the highest readings we've seen this year.

Daily Bulletin Continues...