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.