Stock Market Nerd – Macro – July 13, 2024

By Brad FreemanJuly 14, 2024Posted in Stock Insights

Third-Party Content. Provided for informational purposes only. Not investment advice or a recommendation to buy or sell any security. See disclosure here.

Stock Market Nerd – Macro – July 13, 2024

Inflation Data:

The Consumer Price Index (CPI) for June came in at 3% Y/Y vs. 3.1% expected and 3.3% last month.
The CPI for June came in at -0.1% M/M vs. 0.1% expected and 0% last month.
The core CPI for June came in at 3.3% Y/Y vs. 3.4% expected and 3.4% last month.
The core CPI for June came in at 0,1% Y/Y vs. 0.2% expected and 0.2% last month.
The Producer Price Index (PPI) for June came in at 0.2% vs. 0.1% expected and 0% last month.
The core PPI came in at 0.4% vs. 0.2% expected and 0.3% last month.
Michigan 1 and 5 year inflation expectations for July were 2.9%. 1 year was in line and 5 year was lighter than 3.0% expectations.
Michigan Consumer Expectations and Sentiment for July were 67.2 vs. 69.8 expected and 66.0 vs 68.5 expected, respectively.

Employment Data:

Initial Jobless Claims came in at 222,000 vs. 236,000 expected and 239,000 last report.

Disclaimer: Third party content is provided for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy or sell any security. Third party content is not intended to serve as a recommendation to buy or sell any security and is not intended to serve as investment advice. Third party content creators are not affiliated with BBAE Holdings LLC, (“BBAE”) Redbridge Securities LLC (“Redbridge Securities”) or BBAE Advisors LLC (“BBAE Advisors”). All investments involve risk, including the possibility of total loss of principal. For additional important information, please click here.

Meet the Author

Brad Freeman

Stock Market Nerd, BBAE Contributor

Meet Brad Freeman, an independent financial analyst on the BBAE blog, and publisher of the popular StockMarketNerd newsletter. He's known for his thorough, candid takes on many of the most widely-held stocks’ earnings reports — and some less-known companies that Brad feels hold promise. When this University of Michigan finance grad isn't sharing his financial wisdom with his readers, he passionately supports his hometown Detroit sports teams. Keep an eye out for Brad's market analysis and insights.

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