Retail Sales Big Gains
Quick Market Snapshot
Well we can’t help but think amidst the fast recovery from the shutdown and most notably the traffic flow around Chicago is seemingly back on track, it’s really not a surprise to us the big beat by the retail sales numbers today (Bloomberg data):
YoY retail sales + 5.4% and core retail sales up a stunning 9.1% YoY
Greatest rise ever!
September retail sales beat majestically, rising 1.9% MoM against expectations of a 0.8% rise (the fastest pace in three months and more than doubling of expectations)
Equities took it as launching pad and in the SP500 a chance to overtake that 3504 area, for now its still holding on around that level but giving back just a bit:
Here is a quick snapshot of the equity futures we follow (Tradingview.com data):
As far as the bond markets, yields are up slightly with the USG10Y at 0.742%
FX not moving much either pretty mixed bag:
Energies and Metals pretty muted as well, but Silver outpacing a bit today:
Good luck today trader and investors!
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