Key Points
- The Producer Price Index (PPI) grew by 1.06% in May, for the second straight month, at an annualized rate of 12.7%.
- Annual PPI growth rose to 6.4%.
- Bank credit growing faster than real GDP reflects rising inflationary pressure.
- Bitcoin continues to test support at 60,000, signaling risk-off across financial markets.
- Stocks and Gold are rising as optimism over a peace deal grows.
The monthly Producer Price Index (PPI) grew 1.06% in May, matching the April figure, with an annualized rate of 12.7%.
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Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.