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© 2026 The Markets Unplugged · Data in. Conviction out. - Published with Ghost & Aspect

Quiet Prints, Violent Markets: How a “Nothing” PPI Kept the Melt-Up Alive

  • Oz by Oz
    Oz Oz
    Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
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  • May 15, 2025
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Quiet Prints, Violent Markets: How a “Nothing” PPI Kept the Melt-Up Alive
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The Producer Price Index (PPI) print for April 2025 arrived at 2.4% year-over-year, just under the consensus estimate of 2.5%. No fireworks. No panic. But as often happens in macro trading, it’s not about the magnitude of the surprise — it’s about the positioning going into the number.

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Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
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