The Empire Strikes Out! NY Manufacturing Outlook Shrivels To -11.2% And Its NOT Always Sunny In Philadelphia Fed Outlook At -13.8% (S&P 500 Index Drops -1.87%, EuroStox Drops -3.42%) – Confounded Interest – Anthony B. Sanders

The numbers coming out today are not good. November numbers were 1) US Industrial Production was down -0.2% MoM, 2) manufacturing production is down -0.6%, 3) retail sales advanced down -0.6% (most in 11 months) and …

The Empire State Manufacturing outlook was down -11.2% and the Philadelphia Fed (or Phed) business outlook was down -13.8% in November.

And with all this bad news, global equity markets are dropping like a paralyzed falcon.

But at least Biden traded a dangerous international arms dealer for WBNA star Brittney Griner. Possilby the worst trade in history after the Chicago Cubs traded future Hall of Famer Lou Brock for sore-arm pitcher Ernie Broglio. Griner is Ernie Broglio.