Weekly Market Wrap
01/14/2006
Economic news was sparse
this week as the S&P 500 inched up 0.2%. On Friday, it
was announced that the core Producer Price Index (PPI) for
December increased by only 0.1%, marking the fifth straight
month of gains of 0.1% or less. The January number is even
expected to be a decline. Over the past six months, core PPI
increased at an annual rate of only 0.8%. All of this means
that inflation appears to be under control, making it more
likely that the end of the Fed's interest rate hikes may be
in sight.
Oil prices fell $0.27 per
barrel this week and closed at $63.94. Natural gas prices
have fallen more than 40% over the last sixty days.
For the full week's update, subscribers
can go here.
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