|Week Close: |
Markets: They took a breather last week.
S&P roller coaster last week: Up a touch, down, down a lot, barely up, and up.
Inflation: The wholesale inflation number (the PPI) stayed the same at 8.6%. But the consumer inflation number (the CPI) did not. It moved from 5.4% up to 6.2%... the highest consumer inflation in 31 years.
Jobless claims: The weekly number came in at 267,000. This is third week under 300,000. Getting back to normal.
Radio: Bill and I chatted about the inflation update and how it’s impacting us. Here’s the link: https://parker-wealth.com/bill-and-chris-podcasts/bill-and-chris-fri-11-12 . You can normally hear us most Fridays at 6:38a, 7:38a, and 8:38a on 1100AM.
Focus of the week: Retail sales. The update will come on Tuesday morning.
Earnings season: It’s winding down. Some of the companies reporting this week: Home Depot, Lowe’s, Target, and Walmart.
Indicator focus: Retail sales, industrial production (Tue); housing starts (Wed); and jobless claims (Thu).