Small Surprise from PPI… A Bigger One from Retail Sales – Don’s Daily Brief

by | Feb 16, 2023

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

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