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. #CoSoFinance

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

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. #CoSoFinance

The IEA expects the gap in the global #oil 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 #CoSoFinance https://www.marketwatch.com/story/oil-prices-lifted-as-iea-warns-opec-cuts-will-leave-market-with-bigger-deficit-sooner-than-expected-4dbeff

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. https://www.foxbusiness.com/energy/former-energy-sec-torches-biden-admin-ev-epa

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. https://www.cnn.com/2023/04/13/politics/kamala-harris-invest-in-america-tour/index.html

More on PPI, because everyone is worried about #inflation, 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 #CoSoFinance #economics

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. #economics #CoSoFinance

World #oil markets may be under supplied by about 2 million barrels a day in the fourth quarter as a result of cutbacks announced by Saudi Arabia and its OPEC+ partners https://tinyurl.com/2p93c76c

#stocks get a lift this morning as Producer Price Index drops. March PPI shows significant downside surprise at -0.5% m/m vs. 0% est, and 2.7% y/y vs. 3% est. Falling energy prices helped, and services was weakest since Mar 2020. #CoSoFinance #economy

Biden administration considers crackdown on AI tools such as ChatGPT https://www.marketwatch.com/story/biden-administration-considers-crack-down-on-ai-tools-such-as-chatgpt-fdd2a77

Here's a chart from the Resource Trader issue going out this morning. The $XLE seems to be forming a bull flag. On a successful resolution of this pattern, the target is $99.70 #CoSoFinance

You're probably missing out on recent gains from non-U.S. stocks. Here's why that needs to change https://www.marketwatch.com/story/youre-probably-missing-out-on-recent-gains-from-non-u-s-stocks-heres-why-that-needs-to-change-ae664c18