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Afternoon Note

Economic Data Overshadowed

By Karina Hernandez, Senior Research Analyst
3/15/2023 1:43 PM

European bank fears continue to ripple through markets, overshadowing economic data from this morning.

Some good news this morning amid this financial market storm, PPI print came below expectations, helping the case for the Fed to pause next week. It also signaled excluding-energy margins may find their new low this half of the year.

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Retail sales slowed in February, showing a bit of normalization after January’s jolt.

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NAHB Builder Sentiment index improved for third consecutive month, and notable prospective buyers traffic bounced strongly to 31.


Nowhere to hide, except Utilities. Some big tech names are beginning to attract value investors, some others are flying to consumer staples names.

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You're right Charles. Your letter is well worth reading. Also, your show is the best of the day time shows in my opinion. Of course, my opinion is correct!

neil bradie on 3/15/2023 2:43:54 PM

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