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Hi, everyone. Today's Real Vision Daily Briefing is sponsored by Crane Shares.

Learn about their KCCA ETF at CraneShares.com forward slash KCCA forward slash Real Vision.

Now to the top analysis of today's markets.

Is it time to throw in the recession towel? Hi, everyone. Welcome to the Real Vision Daily Briefing.

Just in time with me is Tony Greer, editor of the Morning Navigator newsletter.

Hi, Tony. You had some company. So you had to go clear the decks, huh?

Yeah, my dog wanted to be involved. Beckham wanted to be involved with the Real Vision Daily Briefing today.

But we just sorted that out. Thank you. How you doing, Maggie?

I'm doing well. I'm doing well. So our question that we started with is a riff on your tweet from earlier today.

So what do you think? Is it time to give up those recession calls after that hotter than expected retail sales?

Reading it certainly seemed to take people by surprise. Yeah, well, it took the bond market a bit by surprise.

I think you can tell by the reaction. But let's talk about the economic side first.

We got hotter CPI, hotter PPI than expected last week.

Today we got better retail sales, better ex-autos, better ex-autos and gas, better than expected industrial production, better than expected capacity utilization at almost 80%.

I mean, the recession bros are getting hit with so many rights. They're begging for a left at this point, right?

So they're going to have to adjust that idea because there's just not manifestation on the tape.

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