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Sunday, April 16, 2023

SPR drained again; crisis = opportunity

This week, there were five Economic Reports, plus the Fed balance sheet: Industrial Production (INDPRO): +0.38% m/m [0.3% expected], manufacturing -0.53% m/m [-0.1% expected]. Mixed. Retail Sales (RSAFS): -0.99% m/m [-0.4% expected]; recessionary. Producer Prices (PPIACO); -0.65% m/m, deflationary.  Mostly due to energy. Consumer Price Index (CPIAUCSL): +0.1% m/m [+0.3% expected]; non-inflationary. Consumer Sentiment (UMCSENT): […]

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