Core PPI came at 0.0% vs. 0.1% consensus.Â This is raising the specter of deflation.
Retail Sales ex-auto came at -0.2% vs. +0.3% consensus.Â We are not concerned about this metric at this time because gas prices are falling and that is like an extra Christmas present for consumers.
Empire Manufacturing came at 6.17 vs. 20.4 consensus.
WTI crude falls below $80.
Interest rates are falling fast and bonds are rising as institutional investors begin to think in terms of deflation and recession.
A lot of technical selling in early trading oil.
Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.