Day Traders Diary
03/16/2012WRAPX S&P futures vs fair value: +2.30. Nasdaq futures vs fair value: +7.50.
In the wake of a recent dose of data stock futures have edged higher, but the dollar has drifted lower. Consumer prices increased by 0.4% during February, exactly as had been expected, on average, among economists polled by Briefing.com after overall prices increased by 0.2% in the prior month. Core consumer prices climbed by a far more tepid 0.1%, which is actually less than the 0.2% increase that had been generally anticipated after a 0.2% increase in the prior month. Still to come is monthly industrial production numbers at 9:15 AM ET and the preliminary reading on consumer sentiment for March from the University of Michigan at 9:55 AM ET.
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