5 charts from the past week that tell an interesting story in markets and investing.
1. Industrial Production
US Industrial Production is down 15% year-over-year. Capacity Utilization Rate fell to 64.9%, lowest level on record (data back to 1967).
2. Retail Sales
US Retail Sales are down 17.8% year-over-year, largest decline on record (data back to Jan ’92). Peak YoY decline in last recession was -12.8%.
3. Vehicle Sales
US Total Vehicle Sales hit their lowest level ever in April with data going back to 1976, breaking below prior recession lows in February 2009 and December 1981.
4. US Inflation (CPI) Moves Down to 0.3%
Global Inflation Rates…
5. Balance Sheet Booming at Fed
Fed balance sheet moves above $6.9 trillion with $2.6 trillion in assets purchased over the last 2 months. pic.twitter.com/epDtZkncuW
— Charlie Bilello (@charliebilello) May 14, 2020
And that’s it for this week. Thanks for reading.
Have a great weekend everyone!
-Charlie
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