Stocks Are Set To End The Week In The Red And Yields Continue To Rise

United Asset Strategies |

U.S. stock futures are lower. Stocks are set to end the week in the red and Yields continue to rise. This week January CPI and PPI both came in higher than estimates. These inflation reads and recent hawkish Fed commentary have increased expectations for further monetary policy tightening. Crude and gold are moving lower and the US dollar is on the rise. Asian markets ended the week lower and European markets are mostly on the decline in afternoon trading. After the opening bell the Leading Economic Index for January will be released.