CHART OF THE DAY: Industrial Production Isn't Your Daily 'Old Wall' Click-Bait

There were big Asset Allocation pivots to be made for 3 months. Some people made them on time. Some people were a little late, but eventually made them. Others didn’t make them and are still hoping for a US economic slowdown to continue in Q4.

Right on the screws in-line with the #Quad2 in Q4 US LABOR #acceleration in OCT:

A) US Retail Sales #accelerated to +16.3% year-over-year GROWTH in OCT vs. +13.9% in SEP
B) US Industrial Production GROWTH #accelerated to +5.1% year-over-year in OCT vs. 4.6% in SEP

Again, these are ROC (rate of change) facts that should not be subject to your daily dose of click-bait and/or “unwanted variability in judgment that should be identical.”