Equity markets will not be happy with the advanced retail sales numbers but we have seen worse one month numbers. In fact, the negative retail sales in June of last year was double the current number. A close inspection of the retail numbers show that there are seldom back-to-back negative numbers. The trend is more important given these reversal fluctuations. The three month moving average is still positive but the trend is heading lower.Tuesday, January 15, 2008
Market will not be happy with retail numbers
Equity markets will not be happy with the advanced retail sales numbers but we have seen worse one month numbers. In fact, the negative retail sales in June of last year was double the current number. A close inspection of the retail numbers show that there are seldom back-to-back negative numbers. The trend is more important given these reversal fluctuations. The three month moving average is still positive but the trend is heading lower.
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