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Sunday, July 23, 2023

Retail Sales Winner, SPR Refilled, and an Ebola Lab Leak??

There were just 2 reports this week, alongside the things I usually track: Retail Sales (RSAFS): +0.19% m/m, prior +0.51%m/m, +1.49% y/y. Recessionary. Industrial Production (INDPRO): -0.54% m/m, prior -0.46% m/m, -0.45% y/y. Recessionary. Fed Balance Sheet (WALCL): -22B (-0.27%) w/w, prior -0.02% w/w. Deflationary. Total Bank Credit (TOTBKCR): +7.7B (+0.05%) m/m, +0.1% y/y. Deflationary. […]

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