Mar
18

Strong Week

Retail sales jumped a strong 0.4%, even after subtracting high gas prices, higher building material prices, and autos and groceries. Industrial production was up and is nearing its pre-recession peak and the four-week moving average of initial weekly unemployment claims is at its lowest level in five years. Inflation continues to be benign. The only negative — a dip in consumer sentiment — but remember nothing is perfect.

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