{"id":16801,"date":"2018-08-04T03:40:20","date_gmt":"2018-08-04T03:40:20","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=16801"},"modified":"2018-08-04T03:42:03","modified_gmt":"2018-08-04T03:42:03","slug":"sp-500-rallies-while-inflation-subdued","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2018\/08\/04\/sp-500-rallies-while-inflation-subdued\/","title":{"rendered":"S&P 500 rallies while inflation subdued"},"content":{"rendered":"

Average hourly earnings growth came in at 2.7% (All Employees) for the 12 months ended July 2018. Growth in average hourly earnings is an excellent gauge of underlying inflationary pressures in the economy, which remain subdued.<\/p>\n

\"Average<\/p>\n

Consumer price index (CPI) growth is slightly higher, at 2.8% for June 2018, but lower core CPI (2.2%) suggests that food and energy prices are partly to blame.<\/p>\n

\"Consumer<\/p>\n

The S&P 500 respected support at 2800, signaling an advance to 3000. Declining 21-day Volatility suggests that market risk is declining and the market is returning to business as usual.<\/p>\n

\"S&P<\/p>\n

The Nasdaq 100 shook off recent Facebook (FB) and Netflix (NFLX) tremors and is testing resistance at 7400. Breakout is likely and would offer a target of 7800.<\/p>\n

\"Nasdaq<\/p>\n","protected":false},"excerpt":{"rendered":"

Average hourly earnings growth came in at 2.7% (All Employees) for the 12 months ended July 2018. Growth in average hourly earnings is an excellent gauge of underlying inflationary pressures in the economy, which remain subdued. Consumer price index (CPI) growth is slightly higher, at 2.8% for June 2018, but lower core CPI (2.2%) suggests … <\/p>\n

Continue reading “S&P 500 rallies while inflation subdued”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57,34],"tags":[315,818,854,2401,3010],"class_list":["post-16801","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-us-canada-countries-regions","tag-average-hourly-earnings-growth","tag-core-cpi","tag-cpi","tag-nasdaq-100","tag-sp-500"],"yoast_head":"\nS&P 500 rallies while inflation subdued - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&P 500 rallies while inflation subdued - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Average hourly earnings growth came in at 2.7% (All Employees) for the 12 months ended July 2018. 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Core CPI (excluding food and energy) is at 2.2% while average hourly earnings (total private: production and non-supervisory employees) annual growth, representing\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48393,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/02\/14\/markets-stung-by-up-turn-in-monthly-cpi\/","url_meta":{"origin":16801,"position":1},"title":"Markets stung by up-turn in monthly CPI","author":"Colin Twiggs","date":"February 14, 2024","format":false,"excerpt":"The S&P 500 dropped to 4953 as markets reacted to an up-turn in monthly CPI inflation numbers. Reversal in the Russell 2000 Small Caps ETF (IWM) was especially sharp, retreating below support at 200, as investors re-assessed market risk. Ten-year Treasury yields climbed to 4.32%, breakout above resistance to indicate\u2026","rel":"","context":"In "Gold & Precious Metals"","block_context":{"text":"Gold & Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-13-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-13-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-13-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":43397,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/08\/11\/cpi-falls-but-fed-unlikely-to-relent\/","url_meta":{"origin":16801,"position":2},"title":"CPI falls but Fed unlikely to relent","author":"Colin Twiggs","date":"August 11, 2023","format":false,"excerpt":"CPI fell to 3.1% for the 12 months to July, while core CPI (excluding food & energy) eased to 4.9%. What is most encouraging is that the last two months registered annualized growth of close to the Fed's 2.0% target. Food CPI declined steeply, to 4.8% for the 12 months\u2026","rel":"","context":"In "Deficit Spending & Employment"","block_context":{"text":"Deficit Spending & Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"CPI & Core CPI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-08-10-cpi-core.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-08-10-cpi-core.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-08-10-cpi-core.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":16550,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/07\/07\/sp-500-and-nasdaq-relief\/","url_meta":{"origin":16801,"position":3},"title":"S&P 500 and Nasdaq relief","author":"Colin Twiggs","date":"July 7, 2018","format":false,"excerpt":"June average hourly earnings growth came in flat at 2.74% for Total Private sector and 2.72% for Production and Non-supervisory Employees. This suuports the argument that underlying inflation remains benign, easing pressure on the Fed to accelerate interest rates. The S&P 500 rallied off its long-term rising trendline. Follow-through above\u2026","rel":"","context":"In "GDP and Activity"","block_context":{"text":"GDP and Activity","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/gdp-and-activity\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45404,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/11\/15\/dollar-crashes-while-gold-and-stocks-rally-on-weak-cpi\/","url_meta":{"origin":16801,"position":4},"title":"Dollar crashes while Gold and stocks rally on weak CPI","author":"Colin Twiggs","date":"November 15, 2023","format":false,"excerpt":"A weak CPI report and the prospect of lower interest rates caused a rally in bonds, stocks and precious metals. 10-Year Treasury yields broke support at 4.50%, offering a target of 4.0%. We expect a surge of investors into longer-term Treasuries, driving yields lower, as the peak at 5.0% now\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-15-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-15-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-15-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":38557,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/11\/05\/us-labor-market-easing-but-too-early-for-a-fed-pause\/","url_meta":{"origin":16801,"position":5},"title":"US labor market easing but too early for a Fed pause","author":"Colin Twiggs","date":"November 5, 2022","format":false,"excerpt":"October BLS labor statistics give a good insight into underlying inflationary pressures. Unemployment climbed slightly, to 6.06 million but lags a long way behind job openings (10.72 m), indicating a tight labor market. There has been speculation, however, that employers were hanging onto employees, rather than letting them go as\u2026","rel":"","context":"In "Deficit Spending & Employment"","block_context":{"text":"Deficit Spending & Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"Unemployment & Job Openings","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-11-04-u3-jolts.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-11-04-u3-jolts.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-11-04-u3-jolts.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=16801"}],"version-history":[{"count":2,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16801\/revisions"}],"predecessor-version":[{"id":16803,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16801\/revisions\/16803"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=16801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=16801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=16801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}