The Dow just barely kept its winning streak alive Wednesday, edging up a miniscule 0.04%. And judging by the reaction of futures to 8:30 a.m. data deluge, it looks like the streak might end today.

Actually, the numbers weren’t so bad. The Producer Price index was slightly worse than expected, but didn’t change the overall story much. (That narrative is that the predominant pressure on prices is pushing them down, something the we already know the Fed is worried about.)

And the weekly jobless claims were actually better than expected.

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The Gorilla in the Room

It’s official! The PC upgrade cycle has begun. After being mired in an environment characterized by cautious capital investment, corporations seem to finally have reached a point where they are once again willing to spend. At least that is what Intel’s latest EPS report seems to imply.

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Mumbai: The bond yields rose on Tuesday, after moving in a tight range, as traders braced for double-digit inflation in June and debt supply of $2.8 billion later this week.

The yield on the benchmark 10-year bond ended a basis point higher at 7.62%. It traded in a narrow band of 7.61% to 7.63%.

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Topic of Debate

In recent week’s, The Greek has had a lot to say about the direction of the economy and the stock market, with his discussion focused on the possibility of a double-dip recession and stock market decline. As the market has followed through in doing her part, the economy remains in question. We want to know what your stock market predictions are for the near-term and for the rest of the year.

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