I was rudely awakened by the Mogambo Fed Credit Alarm (MFCA) ringing its little heart out, as it does a lot these days, and sure enough, the monthly increases in Total Fed Credit are still rising as smartly as they have for the past 12 (pause) freaking (pause) months, and it has now reached . . . → Read More: Total Fed Credit: A Credit to Fed Stupidity
On Thursday, retail stocks rose to 52-week highs as retailers continue a string of strong reports on a resurgent U.S. consumer.
Gap, Ross, and Target all jumped 3% or more on their March sales which easily beat analyst expectations.
More broadly, retail firms reported that collectively their March sales rose a record 9.1%, according to Thomson . . . → Read More: U.S. Consumer In Q1: Shop, Shop, Shop
At 10:00 AM EDT, the Wholesale Trade report will be released for February, showing inventory levels for wholesalers in the U.S. If inventory growth lags behind the strong retail sales that have been reported recently, it could be a sign that increased production will be needed in the upcoming months.
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