Daily Note | November 16, 2023 | Economic Data Weakening
Stocks aren't moving this morning as the narrative of 'bad news is good news' may be shifting. Bonds are down again across the curve with the 10-yr at 4.46%. Yesterday, we had poor retail sales and today Walmart reported a cautious outlook about consumer spending.
This morning we had jobless claims hit a 3-month high at 231K and continuing claims reach…
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