US Equity and Economic Review: Good Economic News, Slight Sell-Off Edition

     This week saw the release of two important coincidental indicators: retail sales and industrial production.  The former increased .1%, while the core number (retail sales ex-autos) increased .2%.  Despite the small monthly increase, the Y/Y numbers for both are slightly below 4% — a positive sign: Industrial production fell 4%, continuing a downward trend that started in the fall of 2014.  But a 4.4% drop in utility output (below in green) was the primary reason for the drop.  Mining output (below in red), which had been declining for nearly 2 years, increased an impressive 1.1%:      On Friday, the…

Source: XE news feed
US Equity and Economic Review: Good Economic News, Slight Sell-Off Edition