Did a Surefire Signal to Buy Stocks Just Flash?
All eyes were on the Bureau of Labor Statistics (BLS) last week. The federal agency provided two important inflation updates. And both were positive.
On Aug. 10, BLS announced that the July Consumer Price Index for All Urban Consumers (CPI-U), arguably the most important measure of inflation, remained unchanged from the previous month at 8.5%. One day later, the agency reported that the Producer Price Index (PPI) fell by 0.5% in July.
Unsurprisingly, investors responded enthusiastically to the news. All of the major market indexes jumped last week. Did a surefire signal to buy stocks just flash?
Source Fool.com
