Retail Sales +0.6%

The market is getting a nice bounce this morning. We learned that retail sales rose by 0.6% in March. In the last year, retail sales are up 4.5%. Retail sales excluding gasoline was up 0.6% in March.

Today’s rally is quite broad. Many sectors are joining in. Since March 23, the S&P 500 has been locked in a band about 3% wide. Right now, we’re “testing” the upper end, which is about 2,670 or so. I’ll be curious to see if the bulls have enough confidence to push us higher.

Posted by on April 16th, 2018 at 10:59 am


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