There is now more evidence in favor of stagflationary pressures. This morning we received retail sales data for May that declined by 1.3% vs April. Even if one excludes the auto sales sector (given the many supply issues), retail sales declined -0.8% while the expectation was +0.4%. On the other hand, the producer price index (PPI)
Gold and Silver
Gold and Silver
Gold and Silver
There is now more evidence in favor of stagflationary pressures. This morning we received retail sales data for May that declined by 1.3% vs April. Even if one excludes the auto sales sector (given the many supply issues), retail sales declined -0.8% while the expectation was +0.4%. On the other hand, the producer price index (PPI)