Yahoo Finance

The Fed's favorite inflation indicator, the PCE Price Index, will be released on Friday even though the NYSE will be closed for Good Friday. The index differs from the better-known Consumer Price Index in that its composition is changed more frequently and is quicker to reflect the impact of real-time pricing fluctuations. In the most-recent report, through January, PCE inflation was reported at 2.4%; the latest CPI report, through January, had inflation at 3.2%. Core PCE, which removes volatile food and energy prices, was 2.8% in the latest month, down from 2.9% in the prior month. Our forecasts call for 2.5% for the headline number and 2.8% for the core reading -- roughly in line month-to-month as progress toward the Fed's 2% goal gets harder as the target gets closer. We track 20 inflation measures on a monthly basis. On average, they are indicating that prices are rising at a 2.3% rate year-over-year, up 30 basis points versus a month ago. The numbers are distorted somewhat by a sharp decline in Producer Price Intermediate Goods, which are falling at an 8% rate and likely point to easing prices across the inflation spectrum in the months ahead. Focusing on core inflation -- which we obtain by averaging Core CPI, market-based PCE Ex-Food & Energy, the five-year forward inflation expectation rate, and the 10-year TIPs Break-even Interest -- our reading is 2.8%, down five basis points month-over-month. That's lower largely because sticky prices like shelter and transportation are starting to ease. Looking down the road, investors are expecting that the Federal Reserve's rate hikes ultimately will tame inflation, with the five-year forward expectation rate at 2.22%.

We have talked about the weekly winning streaks of the major indices. As of Friday, most were 17 for 21 -- or winners 81% of the time. During that same time, the S&P 500 (SPX) jumped 27% and the Nasdaq and the Nasdaq 100 popped 30%. In sports, going 17/21 is about as good as it gets (although field goal kickers are sometimes better). One might expect a pullback (certainly possible), a correction, or something more dramatic after a run like this. But history is on the side of the bulls.

The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

GDS Holdings started as an IT service provider in 2001 then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. It has aggressively raised capital over the past four years for expansion. Its data centers are located predominantly in and around the Tier 1 cities in China and it has also started an expanding into Southeast Asia. GDS listed on the NASDAQ in 2016 and completed a secondary listing in Hong Kong in 2020.