Investors Shrug Off the PPI as Ukraine Tensions Ease

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 16 February 2022

⏱️ 42 minutes

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Summary

The Producer Price Index, a measure of wholesale prices and a key input for consumer prices, rose 1% in January, doubling the 0.5% consensus forecast. The PPI was up 9.7% year over year, easing from the 13-year-high readings of 9.8% for the previous two months. Increases were registered across the board, but goods prices continue to lead services prices. It’s more fodder for a Federal Reserve poised to start raising interest rates next month. Meanwhile, President Vladimir Putin has ordered some troops be pulled back from positions along the Ukrainian border and has committed to further diplomatic talks with the U.S. Equity indexes surged on apparent easing of tensions in Eastern Europe, while crude oil and natural gas prices slid on the news. Tony Greer, founder of TG Macro and editor of the Morning Navigator newsletter, joins Real Vision’s Alfonso Peccatiello to discuss today’s developments. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3gQ2miK Learn more about your ad choices. Visit podcastchoices.com/adchoices

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0:35.8	Good evening everybody, or depending where you are, but in Europe it's 10 pm.
0:40.8	Good afternoon, if you're in the US. Welcome to the ReoVision Daily briefing.
0:45.1	It's Tuesday, February 15th, 2022. This is Alf, the author of the macro-compost speaking.
0:50.8	And I'm joined today by Tony Greer, the founder of TG macro and the editor of the morning
0:56.0	navigator. How are you doing, Tony? Alf, my man, how are you doing today?
1:00.3	Good, good, man. But have you seen these markets?
1:02.7	Geez. I mean, what's going on here? So it's de-escalation all over the place.
1:07.5	Two days ago, it was, you know, Putin is going to invade Ukraine today. It's like,
1:11.3	no, no, no, no. The guys are not going to do that. So we're going to tank oil. We're going to
1:15.5	tank a bit some commodities. We're also going to make yields higher and curve steeper.
1:20.9	And we're going to make equity markets rape. Is that the first summer you have today?
1:25.0	I think we can close up shop right there, Alf. I mean, you talked to it all so beautifully.
1:28.8	I mean, that's everything we needed to touch on.
1:32.3	All right, so we're done. Guys, talk tomorrow. No, no, we're not done yet. But I wanted
1:40.0	first your opinion on something. Today there was an important macro print,
	...

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