PPI numbers are in. Core PPI came in at M/M 0.7% vs. 0.4% Est. Jobless initial claims come in at 473K vs. 490K, Dan Deming joins Ben Lichtenstein to discuss. Homebuilders and semiconductors are under pressure adds Dan. He points out that the VIX (/VX) is trending higher. He thinks the retail sales numbers out tomorrow will be a highlight as the market wants to see what the consumer is doing.
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