Monday Morning Meeting Notes (05/15/2023)

Weekly Economic Insights

Monday Morning Meeting Notes (05/15/2023)

Bradley Prosper, CFA®, CFP® Weekly Economic Insights

Monday Morning Meeting Notes (05/15/2023)

General Info:

  • The April reading of the U.S. consumer price index (CPI) was broadly in-line with economist expectations
  • CPI rose 0.4% month-over-month, and the year-over-year figure slowed from 5.0% to 4.9%
  • Core CPI, which excludes volatile food and energy costs, rose 0.4% month-over-month, and the year-over-year figure slowed from 5.6% to 5.5%
  • Fun Fact: Australia is wider than the moon. The moon is 3,475 kilometers in diameter, while Australia’s diameter from east to west is nearly 4,000 kilometers

Monday 05/15:

  • National Chocolate Chip Day
  • In 1937, Ruth Graves Wakefield added cut-up chunks of a semi-sweet Nestle chocolate bar to her cookie recipe at the Toll House Inn
  • In 1939, she signed an agreement with Nestle to add her recipe to the chocolate bar’s packaging in exchange for a lifetime supply of chocolate
  • In 1941, Nestle and its competitors started selling chocolate chips
  • The Nestle brand Toll House cookies were named for the Inn
  • U.S. cross-border investment
  • Eurozone industrial production
  • The European Commission releases its spring economic forecasts

Tuesday 05/16:

  • Home Depot, Vodafone, Baidu, and Sea Ltd report earnings
  • U.S. retail sales, industrial production, and business inventories
  • U.K. unemployment data
  • Eurozone GDP data
  • China retail sales and industrial production

Wednesday 05/17:

  • Target, Siemens AG, Cisco Systems, Copart, and TJX Companies Inc report earnings
  • China property prices
  • Eurozone CPI data

Thursday 05/18:

  • Walmart, Alibaba, Applied Materials,, and Globant SA report earnings
  • U.S. Conference Board leading index
  • U.S. initial jobless claims and continuing claims data

Friday 05/19:

  • Deere & Co. and RBC Bearings report earnings
  • Japan CPI data

About the Author

Bradley Prosper, CFA®, CFP®

Senior Research Analyst
Mr. Prosper is a member of the Firm’s investment research group where he assists in conducting investment research that is instrumental in the construction, maintenance, and management of client portfolios. This research includes the procurement of primary data via direct investment manager interviews as well as analyzing information from our data resources.