Market Tensions Rise: Inflation, Interest Rates & Energy Prices

march 17 2024, Update

Let’s start with some key indicators for the week:

• SP500: -0.06% (indecisive)

• Nasdaq: -0.7% (negative)

• RSP: -0.66% (negative)

• Brent (OIL): +3.97% (negative for inflation)

• TNX (10-year yield): +5.26% (deteriorating)

• Inflation Nowcast for March: +3.33% (deteriorating)

• GDP Nowcast for Q1 2024: +2.3% (deteriorating from 2.5%)

Last week the CPI came hotter than expe…