This was a fairly quiet week that again supports what we have seen for the past few months – weakening inflation (PPI, import prices), weakening growth (Retail Sales, Business Inventories:Sales ratio) and firm labor (Claims, JOLTS).  Here are some of my bigger takeaways from the week: Retail sales missed to the downside by -0.9% from the +0.3% consensus, to -0.6%. 7% yoy growth in retail sales is something to be concerned about.  That’s not the kind of performance that screams “we’ve recovered!” The weakness was dismissed as being weather-related. We had a massive storm last winter as well, so I’m…

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