FYI: Not that there was much of it, but economic data took a backseat last week as investors were understandably more concerned with their portfolios. Regardless, there were some important reports, most of which did not meet expectations.
Inflation data—PPI on Tuesday, CPI on Wednesday, and Import/Export Prices on Friday—was the main focus point of the week. Of these reports three were weaker than expected, two were inline, and only one beat expectations. Small business optimism came in weaker and lower than expectations, but should not be a cause for concern as it still sits at above average levels. Jobless claims was a similar story. Even though it came in with a rare weaker reading, it is still at healthy levels.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/this-weeks-economic-indicators-101518/
