This Week’s Data
The International Council of Shopping Centers reported sales of major retailers down 0.7% versus the prior week but up 2.9% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales up 0.6% versus the similar timeframe last month and up 2.0% on a year over year basis.
The US budget deficit was $125 billion in May.
Weekly mortgage applications jumped 18.0% while purchase applications were up 19.0%.
The May producer price index fell 1.0% versus expectations of a 0.6% decline; core PPI was up 0.2% in line with estimates.
May retail sales fell 0.2% in line with forecasts: ex autos, sales were down 0.4% versus expectations of a 0.1% decline.
Mickey Kaus on political polarization (medium):
Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.