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Producer prices fell in March by 0.1%.  That is the first decline in seven months. The decline was led by the cost of services and energy products. Despite the monthly dip in prices, the PPI climbed 2.3% over the last year. That was the biggest gain since March 2012.  (AP)

 

Retail sales fell in March by 0.2%.  Year-over-year retail sales increased 5.2%. The slowdown in sales is blamed on slow tax refunds. (Reuters)

 

The Consumer Price Index dropped 0.3% in March, the first decline in 13 months and biggest decrease since January 2015.  Year-over-year CPI is up 2.4%. (Labor Department)

 

Mixed batch of bank earnings last week. Results from the three big banks were varied but positive signs included strong trading results, particularly in fixed income, and solid loan underwriting. Net interest margin and loan growth performance were mixed for the group (though JPMorgan produced year-over-year loan growth of 9% and an increase in net interest margins). We expect loan growth to pick up over the course of the year for the banks overall as policy uncertainty clears and recent strong consumer confidence data is followed by better economic data. (LPL Research)

The S&P 500 is up 1 and the NASDAQ is up 15.  The MSCI international index is down.

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