Retail Sales Drop in Spite of Drop in PPI...Inventories Continue to Rise

Data released today (Wednesday) shows that Retail Sales dropped in spite of a decline in the Producer Price Index (PPI) and Core PPI, while Business Inventories continued to rise, as shown on the graphs below. Such data supports that of rising Wholesale Inventories, as mentioned in my post of November 9th. The Major Indices are all down at the time of my writing this post.