One of the key questions for markets over the next 12-months is whether the housing slowdown and rise in energy prices will cause significant cooling in consumer spending. Home Depot should be one company to watch to tell whether this is happening. Today the company released earnings that showed both bottom line and revenue growth. So far, so good. Same store sales were about unchanged. I think we'll need another 1-2 quarters before we can start drawing conclusions.
Inflation reports should set the tone for the week. PPI today, CPI tomorrow.
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