Knowledge is knowing that a tomato is a fruit, Wisdom is knowing not to put it in a fruit salad.

Stocks and Mortgage Bonds are trending higher today. As a reminder, bond prices and yields have an inverse relationship (consider that my Valentine’s plug)—when bond prices rise, yields fall, and interest rates follow suit.

January’s Retail Sales report came in weaker than expected, declining 0.9% versus the anticipated 0.1% drop. This suggests consumers may be reaching their spending limits. Historically, post-holiday spending slows, but this decline is more significant than usual.

Want to get big corporations’ attention? Use the most powerful tool you have—your wallet. Hold onto your money, and they’ll come running back with lower prices.

Lower Prices, lower Inflation, Lower Rates.

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