 Let's jump over to our man Kevin Hinks every trading day folks 12 noon eastern time from the TD Ameritrade Network fast market Your host Kevin Hinks Tom White the whole team at TD Ameritrade Network folks outstanding guest lineups They break down the day's market action. They walk you through three hypothetical trade setups And we got another data point this morning Kevin. Good morning Good morning Tommy O'Brien. Yep. He PPI Came in very similar to what CPI did right lower than the overall consensus still We have inflation levels headline of 8% in the year-over-year headline number 6.7% in the year-over-year Excluded energy the core and 5.4% with excrued energy and trade services But Tommy the consensus were first about a half percent higher in terms of the headline eight a half percent eight The the core 7.2 versus 6.7 So the market likes the fact that you've got big movement much like the CPI number last Thursday in terms of Inflation at the producer level now Tommy I should warn your viewers that the reaction from the PPI Usually is not as strong as some of the other inflation data points that we get during the month. Why? It's just my history that that's what I've noticed could today change possibly But right now you've got the nanotech two and a half percent higher to start the day and you've got the dollar Significantly lower. You've got yields significantly lower. So interesting start to the day great earnings and a great message out of Walmart Not so great out of Home Depot, but again a really good market day setting up here Yeah, Walmart, man I was reading those numbers this morning and I actually said to myself just sitting in the office getting ready. Wow Revenue just through the roof man and back to the PPI for a moment. There's nothing like experience Kevin That's why we talked to you every morning. That's why I watch fast market man. So we appreciate it You've talked to us before and we're getting so much economic data and it's moving the market so much right now And you've talked about kind of what are the most valuable data points, Kevin? I know PPI is somewhere in there CPI somewhere in there non-farm payrolls is a big number But for the viewers that haven't seen you go over that with me Would you just go through some of those data points? Because boy, they're driving the market right now that you look at on a monthly basis in the market because I first time I heard you say that man I was almost writing it down because they are so important right now I'll do two things for you Tommy the four looks we get in inflation During the month are important too. PPI is one of them But I say PPI is the distant force of the four looks at inflation. We get we get wages in non-farm payrolls We get CPI data We get the the PCE data with an income and outlays and then we get the PPI data So four good looks at inflation during a month now The six big data points that I look at Tommy Although we look at all the data the six that are really important You just named the number one non-farm payrolls and unemployment right now What's turned into a close second is CPI right that that we look at then things like Durable goods retail sales that will get out tomorrow personal income and outlays Tommy and then PPI as well as something we look at so top six you can you know depending on Uh trends in the economy you can look at bring in a couple other ones sometimes Consumer sentiment is an important number consumer confidence Everyone likes to look at but Tommy it's non-farm payrolls It's CPI, which has really become you know if non-farm payrolls and unemployment is 1a CPI It's become 1b in terms of economic data But those are the number one that you know that top six that we look at tomorrow will get retail sales So that'll be a really good look at the um The u.s. Consumer Tommy so yeah those are the data points the top tier that we look at And it's going to be interesting man because like I said those and thank you for laying it out and folks We archive every show we do on our youtube channel if you missed it if you didn't write it down Go back and check it out if you want to because uh, they are driving so much action those numbers the CPI We saw it on thursday ppi today retail sales like you mentioned tomorrow Um and before you know it kevin it's going to be the end of november thanksgiving and we'll be coming into december numbers walmart Uh depending on where you are right now kevin in retail right i mean amazon I read the numbers on walmart today and joked to myself. I said well I guess that's where all the amazon money is going Uh because they don't have a revenue problem to say the least with that we go forward a big week of retail earnings Man, what are you guys talking about on fast market coming up today at 12? These shows are easy to do tommy because you're getting a really good look so for today's show We'll we'll trade target. We'll trade lows and we'll trade tjx So another really good look at the us consumer after home depot's numbers remember home depot beat on earnings tommy, but It was a little different story than walmart right number of transactions Felt 4.3. But the customers spent 8.8 percent more So we'll get a look and compare lows to that Then we'll get a look at target remember it was inventories tommy that plagued walmart and target two quarters ago Well, guess what inventory levels? They've done a great job of working through that at walmart That's another reason why the stock is up so much this morning. It's not only the numbers they put up in terms of groceries And but it's also tommy inventories. They're through inventories down to First quarter 32 percent inventories increased. That's why the stock sold up second quarter 25 percent now 13 percent year over year growth in inventories tommy a much more manageable number And it's pretty cool. They cleared through that inventory while they crushed it on revenue and beat on earnings on top of it Right because anybody can clear through the revenue I guess but are you going to be able to do it in a way where you can still make money and bring money to the top And the bottom line and they did it man. And yeah, always interesting when you go second man target They get to go second expectations increased They're up about a dollar today with the market, of course No, excuse me four dollars up to 176 getting a pop on those walmart numbers Kevin I appreciate it as always on a busy morning, man We'll be watching at 12 o'clock today and we'll talk to you tomorrow morning. Thanks for having me on tommy. Have a great day