They'll be looking at the PPI with a real hard eye for what inflation is going to be.

They'll be looking at the PPI with a real hard eye for what inflation is going to be,

An unexpected surge in wages would likely see the bank raising its inflation forecast and needing to tighten rates, so keeping a close eye on wages and inflation data in the coming quarters will be important.

Both tend to do well when inflation is up and bonds are underperforming.

I think we're still going to get a bit of a Santa Claus rally. But I'm not sure how substantial it's going to be.

Low volume tends to exacerbate any moves, and I think on Friday everyone on Wall Street is going to have skeleton crews on staff.