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But we saved everything 🙂.
U.S. producer price index (PPI) increased by 1.3% in September compared to the previous month, the largest monthly rise since March 2022.
Scott Melker pointed out that this figure is more than double the 0.6% forecast, and questioned how personal consumption expenditures (PCE) can be soft with such PPI data.
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Scott Melker previously reported that Barclays sees potential merger plans between Tesla and SpaceX before December 2026. In a separate article, Melker covered TD Cowen raising its Bitcoin price targets to $109,000 by 2026 and $280,000 by 2029. Both updates highlight Melker’s continued focus on major market developments across sectors.