Hot PPI Data and Rising Oil Compound Pressure as Flash PMIs Loom Over a Fragile Tape
The S&P 500 enters the week at 6,506 after PPI shocked at 0.7% versus 0.3% expected, pushing year-over-year producer inflation to 3.4%. With Brent crude above $104, the VIX at 25.77, and Tuesday flash PMI data poised to define the narrative, the market faces a convergence of inflation, rate, and gro