AUTHOR: Kerry Hilsabeck, CFP® TITLE:       Investment Adviser Rep TAGS:   Jobs, PPI, Retail Sales, Housing, Building, Yield Curve, S&P 500

Highlights from the January 20, 2023 Leading Indicator Watch: Retail Sales (MoM)(Dec) fell dramatically by -1.1% compared to forecasts. Declines in consumer spending on discretionary items is an indicator of slowing economic growth. Be sure to check out more of last week’s Leading Indicators here and stay tuned for the latest in Market Thoughts.