Market Strategist Ben Graham Posted 3 hours ago Market Strategist Report Share Posted 3 hours ago It is now the second consecutive beat on the Producer Prices Inflation report and there are many reasons to be concerned.The effect of tariffs is starting to be felt, and with IEEPA tariffs getting ruled out by the Supreme Court, things could be turning ugly in the upcoming CPI reports. Coming at 2.9% vs 2.6% expected on the headline and 3.6% vs 3% estimates on the Core, this morning's report sends out the inflationary fears that Markets have feared for long. The worst about it is that the progress in inflation has been more consistent than the hopes for a one time boost only.You can get access to the report right here.Luckily for rate cut maximalists, risk-off flows are back on the table and this is supporting lower yields. Let's watch a couple morning reactions ahead of Month-End trading.(P.S: Canadian GDP landed at -0.6% vs 0% expected – Rate hikes are not gonna be a now thing) Core PPI (ex Energy and Food) since 2025 – Source: Trading Economics Read More:Chart alert: Gold (XAU/USD) corrective rebound extends further above $5,046 key supportMarkets Today: FTSE 100 prints fresh highs as STOXX 600 nears record streak. US PPI data and US/Iran risk in focusMarket ReactionsUS Treasuries run higher (Yields lower) US 10 Year Treasury Bond (CFD) – February 27, 2026 – Source: TradingView Bonds are back on the bid despite the PPI report, indicating that Markets are actually more focused on the Middle East than anything else ahead of the weekend.Markets are getting anxious about the US demanding that its staff and citizens in Israel leave the embassies and increase security measures. S&P 500 30M Chart – February 27, 2026 – Source: TradingView US Equities are taking a hit at the pre-open. Today will be a long session, particularly with month-end and weekend risk approaching.Gold breaks back above $5,200 Gold 2H Chart – February 27, 2026 – Source: TradingView Gold is now holding well above $5,200. To me, risk-premium is priced in already but if anything happens, a spike to all-time highs could easily occur.Cryptos are tumbling Current Session in Cryptos (09:30 A.M.) – Courtesy of Finviz Oil update coming up very soon! Keep a close eye on headlines and flows throughout the day as today is promised to be quite volatile.Safe Trades!Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc. Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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