This Week’s Data
The April consumer price index came in unchanged, in line with expectations; core CPI rose 0.2% also as anticipated.
April retail sales were up 0.1%, in line with estimates; ex autos, they were up 0.1% versus forecasts of up 0.2%.
The May New York Fed manufacturing index soared to 17.09 versus expectations of 10.0 and 6.6 recorded in April.
C&I loans continue to grow (short):
Biderman and Bianco on Fed policy (6 minute video):
Weekly update on gasoline prices (short):
The left’s lament against Obama (medium):
News on Stocks in Our Portfolios
More quarterly earnings per share reports:
Home Depot $.65 $.65
Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.