US October retail sales 1.3% vs. 1.0% expected

• Prior was 0.0%
• Retail sales x.x% vs 1.0% expected
• Ex auto 1.3% vs. 0.4% expected (prior 0.1%)
• ex auto/Gas 0.9% vs. 0.2% expected (prior revised higher to 0.6% vs 0.4%)
• control group 0.7% vs. 0.3% expected
• Prior control group 0.4% revised HIGHER to 0.6%
• retail sales YoY and adjusted for inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term x.x% vs 8.23% last month
• Furniture +1.1%
• autos +1.3%
• Gas +4.1%

The retail sales are impressive with the current month higher than expectations and revisions in the Ex auto and gas and the control group also higher. The number is positive on a inflation adjusted basis as well

This report will keep the Fed on target for more hikes as they continue their playbook to more restrictive policy. Stocks are fairly steady with the Down -26 points, the Nasdaq NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term down -22 and the S&P down -6 points.

The USD is higher. The 2 year yield is trading at 4.40% which is near the high for the day. The low for the day was at 4.32%.