FYI: It’s been one of the busier days in quite some time for economic data, and relative to expectations, it has been a mixed bag. Jobless Claims came in slightly higher than expected, Empire manufacturing was better than expected while Philly missed, Retail Sales were stronger than expected at the headline level, but a bit weaker underneath the surface, and Import and Export Prices both came in higher than expected. All in all, there was nothing here to put in doubt FOMC Chair Powell’s view Wednesday evening that the US economy remains on solid ground.
Regards,
Ted
https://www.bespokepremium.com/morning-lineup/morning-lineup-homebuilders-crushed/
