Producers Price Index

The Producer Price Index (PPI) looks at the average change in selling prices from the viewpoint of domestic producers of both goods and services. Three areas of production are observed: industry-based, commodity-based and commodity-based final demand-intermediate demand. Investors look to the producer price index, which is a more relevant way of gauging inflation than CPI because of the large basket …

Industrial Production Index

The Industrial Production Index (IPI) measures the manufacturing, electric, mining, and gas industries output on a monthly basis. Total Industrial production has remained steady over the past twelve months. The TTM high occurred in January 2019 at 110.1 and reached its lowest points of the past 12 months in April and October of 2019 at 109.0. Mining gained 0.2%, while …

Retail Sales

Retail Sales are the total amount of merchandise and related services sold to consumers.  It is considered a sign of strength of U.S. Consumer spending, which accounts for roughly two-thirds of the economy. This indicator also provides insight into which areas of the retail space are experiencing strong sales, such as auto sales. Food was excluded in the above charts …

Producer Price Index

The Producer Price Index (PPI) looks at the average change in selling prices from the viewpoint of domestic producers of both goods and services. Three areas of production are observed: industry-based, commodity-based and commodity-based final demand-intermediate demand. Investors look to the producer price index, which is a more relevant way of gauging inflation than CPI because of the large basket …

Retail Sales

Retail Sales are the total amount of merchandise and related services sold to consumers.  It is considered a sign of strength of U.S. Consumer spending, which accounts for roughly two-thirds of the economy.  This indicator also provides insight into which areas of the retail space are experiencing strong sales, such as auto sales. Retail sales excluding food fell by .3% …

Federal Reserve

Yesterday the Federal Reserve gave us an idea of what they were thinking for 2019.  The market does not like it and is showing it with its actions.  It is my opinion, that both the market and the Federal Reserve are wrong. Let me explain. The Federal Reserve has a dual mandate; full employment and price stability.  As the chart …

Thanks A Lot, Obama?

Mr. President is back in the nation’s good graces. Can his approval rating be tied solely to prices at the pump? This chart- with approval ratings from Gallup, over gas prices from the US Energy Information Administration, shows a strong correlation between the two data points. Be wary that the gas price axis, on the right, graphs higher prices towards …