The economic news came in weakly this morning.
In particular, wholesale inventories showed an actual decline, with the prior figure being revised sharply downwards as well. This does not bode well for 4Q GDP.
The markets are edgy, as they think that the Fed will raise next week.
The belief in The Recovery is flagging as the economic statistics continue to show it to be wishful thinking.
And this seven years after the financial crisis.
Have a pleasant evening.
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