Better-Than-Expected Retail Sales in October

It’s a big morning for economic data, concluding a week that gave us a new Inflation Rate (+2.6%) with CPI for October mid-week, followed by PPI yesterday. Similarly to those figures, the economy again looks to be heating up.Pre-market futures are down at this hour, with the Dow -140 points, the S&P 500 -30 and the Nasdaq -180 points. The relief rally following election results last week looks to have given way to caution. Bond yields are up roughly 15 basis points (bps) on the week, suggesting there is now ...