Chart Of the Day

Today, the US Labor Department reported that the producer-price index (PPI) for finished goods rose 0.7% in March. The PPI is now 4.92% higher than it was one year ago and significantly higher than the current 4.20% yield of the 10-year Treasury note. While there have been some reports that are predicting a slow down in global economic growth, today's chart illustrates that producer prices continue to rise at an above average pace and that has tended to correlate with a struggling stock market.