A solid week for all markets last week on the back of a lower-than-expected CPI number in the US, followed by a similarly lower-than-expected PPI number (lowest in 3 years). The ASX 200 was up 261 points, taking it up 3.70% with a close above 7300. The ASX 200 is 4.5% away from the top hit four times in the last two years. It’s quite some resistance level. The Dow Jones put on 774 points (+2.29% – but it’s a rubbish index), and the S&P 500 and NASDAQ put on 2.42% and 3.31% as Tech responded to lower bond yields.
