Today's data had something for everyone. Bulls and bears both found something to argue about.


Retail sales grew 0.5% in April. Exactly as expected. But last month it was 1.6%. Consumer spending is cooling down noticeably.
Weekly jobless claims came in at 211K. Slightly above the 205K estimate. One week does not make a trend but three consecutive weeks of rises is worth watching.
The surprise came from trade prices. Export prices jumped 3.3% in April. Three times the estimate. Import prices up 1.9%. Double the estimate.
Goods coming in and going out are getting more expensive fast. That is the Iran war and $100 oil showing up in trade data.
Consumer spending slowing. Trade prices rising. The squeeze on American households is quietly building.
Not an alarm yet. But worth watching every week from here.
Rest. #DYOR
IN0.58%
AT0.63%
NOT4.49%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned