Small Surprise from PPI… A Bigger One from Retail Sales – Don’s Daily Brief
on
I cover the market’s reaction to PPI (underwhelming), retail sales numbers… and the performance of our recent Daily Picks.
Nothing real on the macro front to talk about.
PPI came out and gave the markets a bit of a surprise. Not a significant deviation, but of course, everybody’s afraid again that the Fed is going to continue to tighten…
They are.
The markets just bouncing around, looking for a real motivation that PPI didn’t provide. Plus we had this remarkable retail sales figures yesterday.
Certainly consumer credit has gone up a lot over the last year, and that is evidence of that.
Plus I want to walk you through some of the picks that I’ve had over the last few days.
We’ll talk about those and about what I’m seeing today in the video
