I guess "all's well that ends well" would be as good a comment. That said, we still had another negative week. But, you could've taken the week off and returned only to wonder what the big deal was. TPTB [the powers that be] had another field day manipulating markets on the back of little positive from news.
Much of Friday's rally was attributable to higher Retail Sales at .5% vs .1% the previous month. However, this report not only missed consensus at .6% and is mostly made up of higher prices from gasoline sales (it's the driving season) and car sales. You know it's really easy to qualify for a car loan versus a mortgage. Other news was quite poor with Consumer Sentiment at 54 vs 63 expected and Business Inventories at .3 versus .6 expected. So Retail Sales are higher but Consumer Sentiment is in the toilet and this is a positive? Riddle me that!..READ MORE
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