I have fewer concerns this week; however, there is significant risk with inflation. Inflation is growing around the world. We are pass 2% in the US by any number of measures. Let the overshoot begin. There is little reason so see the Fed changing their behavior and there is a stronger case for further money reduction around the world. The trade rhetoric is still high and there is general agreement that further trade action will slow growth, yet we continue to move down this path.

Nevertheless, good earnings can still make investors happy regardless of the macro environment. I have focused on a number of other issues that caught my attention from music sales, retirement, and central bank language ambiguity.