Market in review 2/15/2024


– Retail Sales drops. Exp -0.1% Actual -0.8%
– Initial Jobless, Philly Fed and NYS Manuf stronger
– Industrial Production weaker
– UK GDP weaker Exp -0.1% Actual -0.3%
Japan & UK enter technical recessions
– AAPL readies AI tool to rival MSFT’s Github copilot
– Israel kills Hezbollah leader. Hez vows revenge
– Fed pricing is ultimately little changed after some of the ramped rate cut pricing post-retail sales faded through the session with still under 100bps of cuts implied for 2024 by money markets