Yeah man I was also surprised to see the forcast is deviated on this one, should make for an enjoyable ride!
Yeah man I was also surprised to see the forcast is deviated on this one, should make for an enjoyable ride!
Btw, today is the major news we've experienced while on the new servers. Anyone want to wager how many people we could stuff on the website? LOL
Can anyone remember the last time PPI and retail sales fell on the same day?
Retail earnings takes the cake! There could be a fade, but dont count on it happening any time now (that is my guess, dont bet on it).
For the detail
BULLET: [US DATA: Oct PPI -1.6 Percent], core -0.9%. Largest drop...
[US DATA: Oct PPI -1.6%], core -0.9%. Largest fall in core since Aug '93
and reversal of large Sept. gain, which was paced by cars/trucks. October
cars -2.3%, light trucks -9.7%, a new record fall. Pretty much all of
core motion imputed to cars/trucks, BLS said. Oct core ex-cars
trucks could have 0.1%. Also affecting cars/trucks has been BLS 2007 model
caliber adj of $139.96 (cars) and $361.76 (trucks), which subtracts from
prices. Computers -3.1% also pushed October core down. Energy -5.0%, as
resid nat gas -9.3%, plus a record. Food -0.8% also brought down overall
Oct.. PPI, that matched record decrease of October 2001. October core YOY 0.6%.
BULLET: [US Data: Oct retail food sales -0.2%, ex-autos....
[US Data: Oct retail food sales -0.2%, ex-autos -0.4%]; expectations
were for -0.4% and -0.3%, respectively. Sep sales revised to -0.8%
(-0.4%), ex-auto -1.2% (-0.5%). Excl gas, retail revenue 0.4%; excl gas
and motor vehicles 0.3%. Automobile traders 0.6%, gas stations
-6.0%. Food bev 1.0%, health personal care 1.3%, misc stores 2.1%.