
A Look Ahead To Fed Week
From Deutsche Bank's resident weatherman Joseph LaVorgna:
As we have repeatedly warned, much of the normally important economic data we receive is backward looking, because it does not pick up what we sense is a noticeable shift in household and business sentiment following the US Election.
November headline retail sales are expected to rise modestly (+0.3% forecast vs. +0.8% previously), while retail sales excluding autos (+0.4% vs. +0.8%) should perform slightly better. The November producer