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Market Notes:  5-15 Thumbnail

Market Notes: 5-15

Week Close:
+ (-)%


Markets:  They took a bit of a breather last week. 

S&P roller coaster last week:  up a touch, down, up, down, and down.

Fed Balance Sheet:   $8.503 trillion (down $1 billion). 

Inflation:  The Consumer Price Index (consumer inflation) dropped a touch from 5.0% to 4.9% in April YOY.  The Producer Price Index (wholesale inflation) dropped from 2.7% down to 2.3% in April YOY. 

Jobless claims:  The weekly number came in at 264,000.  The four-week average came in at 245,000.

Radio:  Bill and I chatted about Title 42 and the economic cost of illegal aliens.  Here’s the link https://parker-wealth.com/bill-and-chris-podcasts/bill-and-chris-fri-5-12 .  You can hear Bill and I talk about Markets and the Economy most Friday mornings at 6:40am, 7:40am, and 8:40am on WTAM 1100 AM.  



Focus of the week:  Will there be any progress this week on the Debt Ceiling talks between President Biden and Speaker McCarthy?

Earnings:  Some of the companies reporting this week:  Alibaba, Applied Materials, Cisco, Deere, Home Depot, Target, TJX, and Walmart. 

Economic calendar:  Retail sales, industrial production, business inventories (Tue); housing starts (Wed); existing home sales, and jobless claims (Thu).