Blog – Analysis of the Stock Market for WE August 11, 2023 Summary: Stocks ended the session mixed on Friday as investors reacted to a report showing wholesale prices rose more than expected in July. The Nasdaq fell 0.7% while the S&P 500 slipped 0.1%. The Dow Jones Industrial Average slid at the open but recovered to close up about 0.3%. The Dow was the only index to post gains for the week, rising 0.6%. The S&P 500 and Nasdaq both lost ground for the second week in a row, falling 0.3% and 1.9%, respectively. The Producer Price Index (PPI) rose 0.3% last month after increasing 0.1% in June. Economists had expected wholesale inflation to rise, but only to 0.2%. Core PPI, which excludes volatile food and energy prices, also climbed 0.3%, up from 0.1% in June. The data comes a day after the Consumer Price Index rose 0.2% for the second straight month, a rate nearly consistent with the Fed's 2% inflation target Source - https://www.investopedia.com/dow-jones-today-08112023-7642347 Links and sources: Oil Production - https://foreignpolicy.com/2023/08/11/crude-oil-demand-opec-price-increase-china-saudi-arabia-russia/ Natural Gas - https://www.reuters.com/business/energy/us-drillers-cut-oil-gas-rigs-fifth-week-row-baker-hughes-2023-08-11/ Lithium - https://www.enverus.com/blog/direct-lithium-extraction-could-be-key-to-unlocking-domestic-supply/ Forestry - https://www.resourcewise.com/forest-products-blog/canadian-lumber-market-shrinking-could-europe-fill-gap Mining - https://www.mining.com/mining-is-growing-rapidly-so-are-investor-state-disputes/ Inflation - https://www.bnnbloomberg.ca/charting-the-global-economy-us-stays-on-moderate-inflation-path-1.1958052 Housing - https://globalnews.ca/news/9890405/tiny-homes-pilot-late-2023-if-approved/ Technology - https://www.thedailystar.net/life-living/news/tech-trends-will-shape-our-future-3390151 Geopolitical - https://worldview.stratfor.com/ Economies - https://finance.yahoo.com/news/20-countries-highest-rate-economic-121800158.html or