Seeking Alpha

Weekly Market Notes - October 16, 2017

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Includes: BIL, CRF, DDM, DFVL, DFVS, DIA, DLBL-OLD, DLBS, DOG, DTUL, DTUS, DTYL, DTYS, DXD, EDV, EEH, EGF, EPS, EQL, FEX, FIBR, FTT, FWDD, GBIL, GOVT, GSY, HUSV, HYDD, IEF, IEI, IVV, IWL, IWM, JHML, JKD, OTPIX, PLW, PPLC, PPSC, PSQ, PST, QID, QLD, QQEW, QQQ, QQQE, QQXT, RISE, RSP, RWL-OLD, RWM, RYARX, RYRSX, SBUS, SCAP, SCHO, SCHR, SCHX, SDOW, SDS, SFLA, SH, SHV, SHY, SMLL, SPDN, SPLX, SPSM, SPTI, SPTL, SPTS, SPUU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SQQQ, SRTY, SSO, SYE, TAPR, TBF, TBT, TBX, TLH, TLT, TMF, TMV, TNA, TQQQ, TTT, TUZ, TWM, TYBS, TYD, TYNS, TYO, TZA, UBT, UDOW, UDPIX, UPRO, URTY, USSD, UST, USWD, UWM, VFINX, VGIT, VGLT, VGSH, VOO, VTWO, VUSTX, VV, ZROZ
by: Robert W. Baird & Co.
Summary

Consumer sentiment hits 13-year high; inflation remains muted - core CPI up 0.1% in September; retail sales improve due to storm replacement buying, but overall spending soft.

Low inflation offers Fed flexibility on rates, but December hike remains firmly in the outlook.

Short-term sentiment indicators show optimism at or near an extreme.