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Progress Not Perfection

Progress Not Perfection

Another record, by a hair. Inflation in a disinflationary world. Retail sales up. Industrial production up. Sentiment down. Earnings recession. Herbalife not quite a Ponzi scheme. BP pays. Sheep level view.
Financial Review by Sinclair Noe for 07-15-2016
DOW + 10 = 18,516
SPX – 2 = 2161
NAS – 4 = 5029
10 Y + .06 = 1.60%
OIL + .27 = 45.95
GOLD – 3.80 = 1331.80

Another record high close for the Dow Industrials; six straight winning sessions, and since the June 27 lows following the Brexit vote, the Dow Industrials have added just over 1453 points, or an 8.5% gain in less than 3 weeks.

Consumer prices rose in June for the fourth straight month as the cost of gasoline, rent and medical care continued to go up. The consumer price index increased a seasonally adjusted 0.2% last month; the CPI is a measure of inflation at the retail level. Overall inflation remains low. The consumer price index has risen 1% in the past 12 months. And the multi-year trend is disinflationary. Real or inflat