PPI ETF

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

October PPI In Line With Expectations.

Long-time ETF industry veteran and CEO and CIO of Astoria Advisors, John Davi, launched his firm's third ETF at the start of October. The Astoria US Quality Growth Kings ETF (GQQQ) joined the $145 million Astoria US Equal Weight Quality Kings ETF (ROE) and the $65 million AXS Astoria Inflation Sensitive ETF (PPI).

Year-over-year PPI has been the low water mark for inflation levels going back several months, and today shows a +1.8% for September.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

More economic data is out this week this morning, among them the sister report to yesterday's CPI number: the Producer Price Index (PPI). Look at this as the wholesale print on inflation, whereas the CPI reports retail inflation.

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

Pre-market futures are up this morning, and bond yield rates are down. These are exactly the sorts of things we like to see, with an added bonus of the 2-year/10-year inverted yield curve now separated by fewer than 10 basis points (bps).