GET PSYCHED: A Huge Batch Of Economic Data Is On Its Way

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Big morning coming up in terms of economic data, starting at 8:30.

  • CPI: Analysts are looking for a number of 0.4%, but just 0.1% on the core, both of which are well below the 1.2% PPI we got earlier this week, which spells margin crimping. The market would love to see a “hot” number… some sign that end sellers are starting to see pricing power.
  • Then of course is the controversial and big December retail sales. Ex-auto the market is looking for 0.6%, but bear in mind a number of retailers have already reported some results that have been a bit of a bummer.

Then at 9:15:

  • Industrial production and capacity utilization. Industrial production is seen jumping 0.4%. Capacity utilization is expected to hit 75.5%.

Then at 9:55

  • Michigan Consumer Sentiment: Consensus is for a reading of 75.5

And finally at 10:00

  • Business inventories seen growing at 0.7%.

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