Heads Up

Tomorrow is tax day.  I thought I’d pass along that reminder as well as this (above cartoon) bit of tax advice to keep your risk of audit to a minimum.

The Labor Department shows that The Producer Price Index (a measure of inflation at the wholesale level) rose 0.2% last month, which was inline with expectations.  However, the prior four months of negative gains have decreased the PPI 0.8% from this time last year.  Retail Sales came in just under the 1.0% anticipated increase.  Despite missing expectations, the positive number is another first in the last four months.  Bonds are up and stocks are down on the news; the DOW is now back under 18,000 again.