No change is expected for US industrial production in tomorrow’s April report vs. the previous month, according to The Capital Spectator’s median point forecast for several econometric estimates. The median prediction of flat performance represents an improvement over March’s steep 0.6% decline. April forecasts of industrial activity based on recent surveys of economists range from a modest decrease to a slight gain for the monthly comparison.
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Wall Street Journal columnist Jason Zweig recently issued “a split decision in the passive vs. active brawl” for the “Great Fund Debate” between Vanguard founder John Bogle and newsletter writer James Grant. That’s a curious verdict because Bogle has the numbers in his corner while Grant relies primarily on rhetoric and the hope that the disappointing history for active management could be different in the years ahead.
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● Weak US retail sales dampen sharp Q2 growth rebound hopes | Reuters
● US Import Prices Fall for 10th Straight Month | WSJ
● Atlanta Fed Survey Shows Inflation Expectations Up | Bond Buyer
● US business inventories barely rise, suggest Q1 GDP contraction | Reuters
● Weekly mortgage applications fall 3.5% in US as rates rise | CNBC
● India’s Wholesale Prices Fall for Sixth Consecutive Month | WSJ