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…