SIA Wealth Morning Minutes Banner

Stocks Climb on Benign US Inflation Report; Webinar Today

Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on facebook
Facebook
Share on email
Email

US index futures have been rallying since the US consumer price report came out at 8:30 am EDT and are now up 0.1%-0.2%. The US Dollar Index basket has been falling on the news and is now down 0.25% which has helped to boost WTI crude oil to a 0.5% gain today and cut copper’s losses to 1.3% from 1.6% while gold has erased overnight declines and is currently trading flat.

Headline inflation for August was 5.3% over year, in-line with expectations. What appears to have excited investors was the core inflation (excluding food and energy) number which was less than expected (4.0% vs street 4.2%), which may ease some of the pressure on the Fed to start tapering.

More consumer price inflation numbers are due tomorrow from several countries including Canada and the UK. Tonight brings house price inflation, retail sales and industrial production reports for China.

SIA Wealth Market Outlook Webinar Tuesday September 14th, 2:00 pm EDT

Please join us on Tuesday Sept.14@ 12pm MT / 2pm ET for our Market Outlook Webinar with Colin Cieszynski – Chief Market Strategist.  He will answer the most asked questions we have received from advisors over the past month.

Register for webinar:  https://attendee.gotowebinar.com/register/235126574909929743

After registering, you will receive a confirmation email containing information about joining the webinar.  A replay will be available and sent to all registrants after the webinar.

SIA Wealth In The Media:

Chief Market Strategist appeared on BNN Bloomberg where he discussed current market trends, risks, inflation and sector rotation.

Wages are creeping up which is a sign of lasting inflation: Market strategist

Disclaimer: SIA Wealth Management Inc. (SIAWM) specifically represents that it does not give investment advice or advocate the purchase or sale of any security or investment whatsoever. This information has been prepared without regard to any particular investor’s investment objectives, financial situation, and needs. None of the information contained in this document constitutes an offer to sell or the solicitation of an offer to buy any security or other investment or an offer to provide investment services of any kind. As such, advisors and their clients should not act on any recommendation (express or implied) or information in this report without obtaining specific advice in relation to their accounts and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. SIAWM nor its third party content providers make any representations or warranties or take any responsibility as to the accuracy or completeness of any recommendation or information contained herein and shall not be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice.

Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on facebook
Facebook
Share on email
Email

At SIA Wealth Management everything we do is based on Relative Strength Analysis. We evaluate the Relative Strength between asset classes giving us insight into money flows on a large scale, and from this select top ranked investments.

Colin Cieszynski, Chief Market Strategist
Market Commentary:

Colin Cieszynski, CFA, CMT
Chief Market Strategist
ccieszynski@siawm.com
+1 (647) 282-4428

Keep Reading

INTERNET EXPLORER NOTICE