DTI Daily Rundown - June 13

On TBUZ TV Today: 4390.00 Pivot 4410.00 Resistance 4370.00 Support Opens: 2023 3895.00; 2nd Quarter 4127.00; June 4188.50. CPI, PPI, and FOMC. The Triple Crown of news AMD and IEP continue to show strength. TGT and DG show weakness.

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Market Review:

Reading the CPI and PPI There are two versions of both the CPI and the PPI. We have the standard version, which is simply CPI or PPI, and then we have the Core CPI and the Core PPI. The Core version excludes the volatile Food and Energy market. The reason that Food and Energy are excluded is they are considered staples. Meaning volatile price changes in these sectors need to be consumed. We can not stop eating. Therefore, regardless of price, the demand is relatively constant. In the Core CPI number, we see a greater reaction to higher prices. The consumer can move away from certain goods and services. Demand is as much a part of any inflationary measure as is supply. For that reason, the Core number gives us a cleaner read of price stability. It is often thought this is to give us a friendlier number than the Standard read. But with energy prices dropping the standard number is showing a reduction in inflation. The Core number has been showing a persistent measure of inflation.

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Major Events: June 14 PPI June 14 FOMC Announcement and Press Conference June 15 Retail Sales June 16 Consumer Sentiment Key Numbers Opens: Above or Below 4349.75 is the open 4349.75 is the open of last Week 4188.50 is the open of the Month 4127.00 is the open of the 2nd Quarter 3895.00 is the open of 2023

What's Hot and Not! Target Corporation, TGT TGT opened the year at 149.98. They opened the 2nd Quarter at 166.40, and they opened the month at 128.60. This month TGT moved up to 133.28 on June 2, and down to 125.08 yesterday. That 125.08 was the lowest Target has been in the past 12 months.

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