Lower than expected inflation data pushes markets higher

  Thursday's headlines - and how to trade them   Key inflation data lower than expected Producer Price Index (PPI) numbers for March came in lower than economists expected, suggesting that inflation is easing. Economists expected PPI numbers - which measures the change in the price of finished goods and services sold by producers - to remain flat on a month over month basis. Producer prices fell 0.5% on a month over month basis. PPI is considered a leading indicator of consumer inflation - when producers charge more for goods and services the higher costs are usually passed on to the consumer. The initial market reaction has been positive, with the S&P 500 ETF (SPY) up 0.5% at time of writing. The tech-focused Nasdaq-100 ETF (QQQ) is up 1.3% as well. Yesterday, the market rose on cooler-than-expected Consumer Price Index (CPI) data, before reversing to the downside after the release of the Federal Open Market Committee minutes release. [Click here]( or the image below, for a a full breakdown of PPI numbers and the FOMC minutes - including what they could mean for the market going forward and how to potentially trade this news.     Mark Sebastian LIVE! Money Morning LIVE's resident volatility expert - and Jim Cramer's VIX guy - Mark Sebastian is hosting a LIVE summit in Chicago. That means you can trade LIVE, IN PERSON with the king of dad jokes, Villanova's most famous graduate, and option trader extraordinaire Mark Sebastian! Supercharge Your Trading Game and Join Us at the Option Pit Live Summit in Chicago [TRADE LIVE, IN PERSON with Mark + Our Entire Option Team](   Earnings season kicks off tomorrow Following the Q1 collapse of several banks and the mention of the dreaded “R” word - recession - yesterday in the FOMC minutes release, all eyes shift to earnings season, which could prove to be the most pivotal round of quarterly reports since 2008. Big names like JPMorgan (JPM), Citigroup (C), Wells Fargo (WFC), and United Health (UNH) open the faucet on a deluge of earnings reports for the next several months. Today before the market opened, Delta Air Lines (DAL) released their numbers for the fiscal first quarter, with earnings expectations coming in lower than the market expected. The Money Morning LIVE team dove into not only DAL earnings, but the entire airline sector as a whole, and what investors could expect from airlines right now. [Click here]( or the image below, to see and hear how investors can potentially trade the airline sector, and for a preview of how thoroughly the Money Morning LIVE team tackles earnings reports.     Volume Profile Nets Another Free Trade Trading Today members are truly fortunate. Nearly every day, our readers are blessed with a free trade…and today is no different. This morning, Volume Specialist Olivia Voz and Quantitative Analyst Chris Johnson sat down and put their big brains on display during Volume Profiles by Request. [Watch the clip]( to hear why Voz has a contrarian take on Bank of America (BAC), and how charts and overall sentiment in the retail sector help Voz and CJ agree on a trade in Burlington Stores (BURL)       In case you missed it, here’s the trade… Buy-to-Open: Burlington Stores (BURL) May 19, 2023 $185 puts for $7.50 or better. Or, to make the trade a little more affordable an entry… Buy-to-Open: Burlington Stores (BURL) May 19, 2023 $185 / $175 put spread for $3.50 or better. Making this trade a debit spread reduces the cost of entry…but also puts a limit on the potential upside for the trade. For a full breakdown of what a put debit spread is – including how to construct the trade in Think or Swim - [check out this helpful video right here.](   Gold, Jerry! Let’s take profits in silver Yesterday, I had the wonderful opportunity to sit down and have a conversation with Brien Lundin of the Gold Newsletter. Brien is an expert when it comes to gold…which is rallying to all time highs. Check out this quick vid from our session yesterday to hear how you can leverage this gold rally with one trade… An idea supported recently by some big money flow that Mark Sebastian spotted in a certain gold name… [Which Brien and I just so happened to talk about right here.]( And while we’re talking shiny objects… Let’s close out a recent free trade for a profit. Here’s what to do… Sell-to-Close SLV April 14, 2023 $23 calls for $0.65 or better. Trading Today recommended this trade when this option was trading for $0.50. If you’re able to get filled at $0.65, that would be a quick 30% gain in a week! Free trades like this are what make your Trading Today subscription worth it…in addition to all the juicy information you receive daily from Money Morning LIVE!   Trade to win this earnings season Kenny Glick's favorite time of the year is upon us. Friday kicks off earnings season - when VWAP trades work the best. And right now you can sign up for a lifetime Warlock's World subscription - which gets you access to Kenny's exclusive pre- and post-market trading sessions - for 40% off. 40% off. 40% off! Everywhere else you see prices going up...from gas to eggs. But not for a lifetime Warlock's World subscription...the price is going down. All you have to do is call 877-568-0407 before Friday, and you can trade earnings with Kenny FOREVER. But you have to act fast - this deal expires soon.   We’d love to hear from you! There’s nothing more that we value than hearing from our loyal Money Morning LIVE audience! 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