Stock Market Update

The S&P 500 futures currently trade 28 points below fair value. 

The Producer Price Index for final demand increased 0.2% month-over-month in November (Briefing.com consensus: 0.2%) following a previous 0.3% increase.

The Producer Price Index for final demand, less foods and energy, was flat month-over-month (Briefing.com consensus: 0.2%) following a 0.1% increase.

Total retail sales increased 0.6% month-over-month in November (Briefing.com consensus: 0.4%) following a revised 0.1% decrease (from 0.0%) in October.

Excluding autos, retail sales rose 0.5% month-over-month (Briefing.com consensus 0.3%) following a revised 0.2% increase (from 0.4%) in October.

The Q3 Current Account Balance came in at -$226.4 billion, from the prior revised level of -$249.2 billion (from -$251.3 billion).