Daily Note | November 14, 2024 | MUI/MMD Tender Deadline, OPP Update, Allspring Raises

Stocks are lower small as the post-election rally consolidates. The driver was October Producer Price Index ("PPI") data. Also known as wholesale inflation. It came in at +0.2% headline and +0.3% on Core, for the third straight month. Both Core and headline were one-tenth above expectations.

The trend in Core PPI is similar to the trend in Core CPI - it …