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Markets Today: Where Is The Love?
Friday was a case of another day, another US dollar slide (plus new record closing highs for both the S&P500 and NASDAQ, but that almost goes without saying these days). The week’s glamour stat., US December CPI showed core inflation rising at a higher than expected 0.3% on the month and 1.8% year-on-year from 1.7%, but you’d never have guessed that from just looking at the price action across currencies, stocks and bonds. Nor too that US retail sales came in a fair bit stronger than expected once accounting for upward revisions to November. Headline sales printed 0.4% against 0.5% expected while November was ... (full story)