PPI Beats But...

Volatility reemerges

On Wednesday, Producer Price Index (PPI) data came in better than expected, causing bond yields to drop to 3.37. Initially, this positively impacted the market, but selling emerged across multiple sectors later in the day.

All 11 sectors in the S&P 500 were negative, with declines ranging from 0.9% to -2.7%. Additionally, all major indexes saw a decline …