Week of 04/10-04/14 CPI and PPI show signs of inflation relief

Stocks remained flat on Tuesday's session when the consumer price index and producer price index reports came out this week with a better outlook than expected. It seemed like the market had mixed emotions on how to proceed with this data and neither the bullish or bearish sentiment took over. The federal reserve minutes meeting on Wednesday changed that as reports that further rate increases have not been ruled out. This caused the market to slide, but Thursday the market turned around and the SPY reached a 414 point high for the week. Friday, the consumer sentiment report came out showing that consumer spending fell twice as expected. This caused the market to tank almost immediately until mid-day we saw a recovery when bank earnings were able to offset this downward sentiment. JP Morgan was a leader in earnings as they reported record revenue and beat analysts expectations. The market sentiment definitely seems to be all over the place, but more volatility is expected as earnings and the next FED meeting close in.