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The meats, poultry, fish and eggs index fell 1.4%, pulled down by another month of large decreases in egg prices. cnn.com/2023/04/12/business/gr

Businesses are turning very pessimistic. I'm not discounting what business owners are experiencing. But the relentless firehose of "bad news" pushed by FOX News has to be part of this.

Wage growth for job switchers (gold) and stayers (blue) reaccelerated in March, with switchers moving to 7.3% and stayers to 5.9%

@RealSeanBrodrick: What's often funny, though not funny ha-ha, is that a lot of the futures and stocks folks say they're playing some kind of long game, but they fret daily, even hourly at "losing" money that is only theoretical at that point.

Then they tell others to "trust the market over the long term" to get better returns than they would if they constantly messed with their holdings.

@thedisasterautist My experience is that Wall Street's "long-term horizon" is about 24 hours, max.

US retail sales increased 1.5% over the last year, the lowest growth rate since May 2020 & well below the historical average of 4.8%. After adjusting for inflation, though, the story is far worse. Real retail sales fell 3.3% over the last year, the 7th consecutive monthly YoY decline.

The IEA expects the gap in the global market between crude oil supply and demand will hit 2 million barrels a day by the third quarter. The deficit risks sending crude prices sharply higher marketwatch.com/story/oil-pric

Rick Perry trying to pretend he knows anything about a successful energy policy is like your dog sitting behind the steering wheel of your car, pretending he can drive. Sorry, bud. That's cute, but no. foxbusiness.com/energy/former-

Aaron Parnas @AaronParnas

Fort Lauderdale, Florida had record breaking flooding overnight.

Meanwhile, Ron DeSantis is campaigning in Ohio.
youtu.be/NIhS0wH1yJo

@JV3MJD Well, of course Gov. DeSantis ran away from all that high water. His go-go boots are out for repairs.

Since Biden signed the infrastructure law in November 2021, an official told reporters Wednesday, states, cities, tribes, and metropolitan planning organizations across the country have begun repairs on over 4,600 of the nation’s bridges. cnn.com/2023/04/13/politics/ka

More on PPI, because everyone is worried about , and producer prices feed through to consumer prices. For first time since April 2020, both headline and core PPI fell month over month … former -0.5% and latter -0.1%. Both are the largest decreases since April 2020

Americans who applied for unemployment benefits last week rose by 11,000 to 239,000, indicating a small but steady increase in layoffs in a generally strong U.S. labor market. Yet companies are still hiring a lot more people than they are firing in a sign of ongoing labor-market strength. The U.S. added a robust 236,000 new jobs in March.

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RealSeanBrodrick

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