And where are stocks heading from here. Well, we welcome Ed Yardi to Power Lunch. He is founder and head of Ardeni Research.Ed, great to have you on. >> Thank you very much. >> All right.Why do you think the market is not reacting a little more negatively to the hot inflation read and a lowered expectation of more Fed rate cuts in the future. Well, I think the uh market hasn't given up on the idea that the economy is actually resilient, that it doesn't necessarily need lower interest rates and that if we ge ...

Following that PPI number, a little bit of hotter to read on inflation. Rick Santelli joining us now from Chicago with the bond report. But again, I guess I'm a little bit vexed.That's a thousand word, Rick, about why we're not seeing a bigger move in bonds or stocks. Yeah. Well, that those are my deos.PPI hot claims tame. And the next one, limited treasury reaction to the data. And I could say limited market reaction.You've said basically the same thing. But guess what. The market has a big opinion here, f ...

And we are red reacting to that news of the morning on the PPI. Uh hotter the largest monthly increase in some three years. It throws a bit of a wrench into the no inflation narrative if anything.Um the question really for all of you I think for us here on the desk is does it wreck the September rate cut narrative. If anything it kills the 50 idea probably. But what about the whole thing.I think it takes 50 off the table and I think the market effect of that is the optimism that everyone had yesterday. We b ...

Because it is time for the bond report. It is time for the aforementioned Rick Santelli. Rick, you just heard Steve Leeman comment about the Fed and bond market.What say you. I say that the short end of the market is probably going to get a rate cut or two before the end of the year and that indeed will help. But let's put it in the bigger context.What everybody's really thinking about here. Do you think credit cards that are in the mid 20s, 25%, how much are they going to come down. Housing.Housing is prob ...

Tech-heavy indices were little moved on Wednesday, while small caps and blue chips surged as investors rotated into lagging names, signaling a broadening market rally.IWM ETF is breaking a key technical resistance. Check the chart here. By midday in New York, the S&P 500 edged up 0.1% to 6,450, retreating slightly from a new all-time high of 6,480 hit earlier in the session. The Nasdaq 100 was unchanged, also setting new record highs during the session but failing to break the psychological 24,000-point mar ...

Why don't we start off with the with the markets hitting new record highs once again after that CPI report that in all honesty it was kind of mixed. Uh you know headline was better than expected core was just slightly hotter than expected. What's your take on that.Well I think it was it's just a reflection of the fact that the market was bracing for a hot CPI knowing that not only was the Fed but economists were warning that we'd start to see inflation coming through uh in the July CPI report. So, I think i ...

Key Takeaways S&P 500 closed at 6,445.76, its 16th record high of the year, after softer-than-expected inflation data.Market sees 94% chance of a September rate cut, up from 85% before the latest CPI release.ADBE, MSFT, AVGO, ADI and ANET are highlighted as strong 2025 picks with solid earnings growth.The Wall Street rally gathered further steam on Tuesday, which saw the S&P 500 and the Nasdaq close at a new record high after fresh data showed inflation rose less than expected. The S&P 500 particularly had ...

For more on today's CPI print, associate general head of US rate strategy Subra Roja is here on set. Subadra, great to see you. What did you make of today's action.I know you're you're not on the equity side of it, but to see markets rally uh to record highs and to see not too much happening in the bond market in terms of by the end of the day. What did you make of it all. So to me the you know if you came into this report thinking that goods inflation is going to show up or sorry tariffs are going to show ...

Will a rate cut in September be enough to keep this rally going. Let's bring in Pollson Perspectives author Jim Pollson and CFR research chief investment strategist Sam Stovall. Guys, welcome.Jim, you say these numbers tell us inflation isn't so much of a problem. We were just asking a guest earlier about pressure on the workingclass consumer, though. Is a Fed rate cut still a gamecher if we see more signs of pressure through the rest of the year.Well, I I think you know certainly you can make a case that i ...

I think uh uh the the committee put their uh rate cut program on pause when the tariff situation arose uh six months ago and now you have six months of evidence. Uh I don't really think tariffs cause inflation. Taxes don't cause inflation.And so what you're seeing in the data is very muted effects uh that are one-time increases in the price level. And so you're not really seeing anything. And the committee's coming around to the view, I think, that this is probably a one-time increase in the price level and ...