say what?

» Posted by on Dec 7, 2018 in Announcements, Shop Talk, Uncategorized | 0 comments

say what?

Here is what we know so far from the releases and news so far today as the week comes to a close.

The U.S. unemployment rate remains unchanged at 3.7 while posting 155,000 non-farm payroll jobs. This was the low end of a wide range being 150k to 220k. and well below he revised 237k of last month. Payroll growth seemed a bit favorable with modest wage pressure indicating some growth with no real hint of inflation. That is kind of a mixed report in my opinion.

Retailers should be pleased with the strength of current Consumer Sentiment unchanged at 97.5 as we move headlong into this holiday shopping season. Again there are no real signs in this report of any material inflation.

Wholesale inventories climbed to 0.8% above the range of 0.4% to 0.7% offering that a favorable Q4 GDP number will come in.

So what I’ve heard to this point has been that perhaps the Fed could slow down a bit in 2019. Another “well… we’ll see” kind of thing to trade on.

 

 

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