Business Inventories

Inflation Contained, Retail Sales down, Mortgage Applications up.

Wholesale Inflation (October 2012) PPI PPI – Month/Month -0.2 % PPI – Year/Year  +2.3 % PPI less food & energy – Month/Month -0.2 % PPI less food & energy – Year/Year +2.1 % Inflation at the wholesale level remains well-contained. MBA Mortgage Applications (week ended 11/9/2012)   Purchase Index – Week/Week  +11.0% Refinance Index –

Fundamentals 10/14: Retail Sales & Lots More

Retail Sales – September Retail Sales were +1.1%. – Previous was +0.0 while consensus was +0.8% – ex-autos was +0.8% -It is interesting that the leading indicator from the Comsumer Metrics saw the increase in year-over-year spending peak in mid-August and subsequently give back. If Comsumer Metrics is correct, we will give back some of

Fundamentals 8/12: Schizophrenic Consumer Data

Retail Sales: July’s Advance Estimates -Month/Month change: +0.5%. -Biggest rise in 4 months -Excluding Autos Month/Month change: +0.5% –Full report Univ. of Michigan Consumer Sentiment -August Index 54.9 from 63.7 July -This is a massive drop, lowest level since May 1980 -Index averaged 89 in the five years before recession that began Dec 2007. What