2018 Economic Calendar
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Market Reflections  

Highlights
February 15, 2018
There are more inflation pressures in today's economic news as producer prices came in above expectations on price traction for services. Yet overall trends do remain mostly flat with the day's other news, industrial production, not pointing to much pressure ahead, slipping 0.1 percent in January with capacity utilization coming in 1/2 point below expectations at 77.5 percent.

Like yesterday, however, stocks appeared to pay little attention to the economic headlines and rallied steadily and strongly instead. The Dow is back over 25,000 with a 1.2 percent gain to 25,200. The fall in the dollar has been very sharp this week with the dollar index down 0.5 percent on the day to 88.59 to bring its weekly loss to 2.0 percent. Oil has been regaining ground, up $1 to $61.50 with gold steady on the day near $1,355. Rates also held steady on the day though the 2-year Treasury yield, which did jump yesterday, rose another 2 basis points to 2.19 percent.


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