Hot PPI Sinks Gold, Freight Stocks: 10 Names To Watch Thursday
August PPI ran hot at 5.4%. Gold fell 2%, the 10-year hit 4.90% and economists split on a September Fed hike.
Economy · News reference
Oil tops $100 as Saudi supply plunges and Fed hike bets rise. Here are five defensive ETFs to watch as inflation risks intensify.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
August PPI ran hot at 5.4%. Gold fell 2%, the 10-year hit 4.90% and economists split on a September Fed hike.
US producer prices rose 5.4% year-over-year in August, topping the 5.3% consensus, ahead of next week's Fed decision.
Morningstar's Preston Caldwell warns $4,400 gold is a trap for inflation fearmongers. Discover why he says investors should buy TIPS instead.
SGOV and TLT are drawing billions as bond ETF investors split between short-term Treasury income and a bet on falling long-term yields.
VOO led ETF inflows with $3.3B. Investors also poured money into Treasury and gold ETFs; total ETF flows reached $5.3B on Thursday.
QQQ attracted $860.25 million and VOO $693.23 million in ETF inflows Thursday, while GLD added $627.68 million as total ETF flows reached $2.83 billion.