Stocks are relatively flat while treasury yields moved higher following an upside surprise in U.S. PPI this morning. Producer prices rose 0.3% month-over-month in November, above market forecasts of 0.2%. In today’s show, Maggie Lake is joined by Spectra Markets’ president Brent Donnelly to help us understand the latest inflation data and what it means for next week’s Federal funds rate announcement. Plus, Brent will share some insights on trader positioning from his firm’s 2023 Q1 consensus survey. Shocker… everybody’s bearish. We also hear from Former Hedge Fund Manager Russell Clark on why we are looking at macro all wrong. Watch the full interview here: https://rvtv.io/3FELx7C
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