April Retail Sales numbers came in with the M/M number of 0.9% inline with expectations and the core retail of 0.6%, higher than expected. The market is still seeing that companies can pass on higher prices to consumers and consumers are willing to pay them, says Larry Shover. Next he discusses the ten-year treasury yield (TNX) and thinks we will have seen the high yield in the next few months at 3.25%. He also discusses the housing numbers and the U.S. Dollar. He thinks U.S. equities are in a correction mode rather than in a renewed bear market. Tune in for the full discussion with Ben.
17 May 2022