Strategists See Trouble Brewing in Stock Market… Wholesale Prices Jump 8.3% in Year… Americans Turn Pessimistic…

Trouble Is Brewing Beneath The Surface Of The Stock Market

Summary

• Slowing growth is here and already has been picked up by the more economically sensitive parts of the market.
• There are fewer and fewer stocks leading the markets higher.
• These divergences suggest that all is not well beneath the surface.
• Looking for a helping hand in the market? Members of Reading The Markets get exclusive ideas and guidance to navigate any climate. Learn More »

Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago

• The producer price index increased 0.7% in August from a month ago, above the 0.6% Dow Jones estimate.
• Final demand prices rose 8.3% from a year ago, the biggest increase on record going back to 2010.
• The move showed that inflationary pressures are likely to persist.

Six reasons Cramer concerned about stock market…

Americans turn pessimistic amid concerns over economy and coronavirus

(CNN)The tentatively positive public outlook that marked the first months of the Biden administration has faded, according to a new CNN poll conducted by SSRS. The survey, released Friday, finds a rising share of Americans who say things in the US are going badly and that the economy is in poor shape, with increased worries about the coronavirus, the economy and crime.

The new poll finds 69% of Americans say things in the country today are going badly, below the pandemic-era high of 77% reached in January just before President Joe Biden took office but well above the 60% who felt that way in a March CNN poll.
And 62% say that economic conditions in the US are poor, up from 45% in April and nearly as high as the pandemic-era peak of 65% reached in May 2020.

Costs US materials and components used by producers hit fresh 46 year high @Theimmigrant84

Transitory club pic.twitter.com/DlxCub8fDk

— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 10, 2021

New Crackdowns Threaten Economy as Inflation Rages

Metals markets are caught between fears of Federal Reserve tapering and the forces of inflation. Price levels continue to rise in the U.S. and around the world.

The Fed’s Plan Is Failing: Stagflation Looms as Job Growth Stalls

Job growth numbers on Friday failed to impress. Economists had predicted job growth in the area of 720,000, but according to the Department of Labor’s estimates, jobs growth for August was only a third of that: 235,000.

Students aren’t concerned about inflation…until they hear about the price of beer.

Fissures grow in House Democrats’ support for Biden’s $3.5 trillion social welfare bill.