US stocks up modestly after the sharp declines yesterday

The small gains come after the 3 major indices declined the most since June 2020 yesterday. Stocks are not out of the woods yet.

In the US debt market, yields are off their highest levels after PPI data came in as expected/a little worse. The headline number came in at -0.1% as expected. The core measure came in at 0.4% vs. 0.3% expected. The year near numbers were lower as sharp rises from a year ago dropped out of the equation.

The JPY is the strongest and the CAD is the weakest of the major currencies.

The strongest to weakest of the major currencies

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