- Stocks are rallying again, but Treasurys may have the slow July retail sales report and/or geopolitical worries on their mind as the 10-year yield slides five basis points to 2.41%. Today's retail sales datapoint is an early sign the economy has downshifted in Q3 after Q2's weather-related bounce, says CRT Capital's David Ader.
- To review, retail sales in July were flat with June's level vs. a forecast of a 0.2% rise. Ex-autos, retail sales rose 0.1% in July vs. consensus of a 0.4% gain.
- TLT +0.6%, TBT -1.2%
- ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, SBND, TLH, DLBS, VGLT, UBT, TLO, TENZ, LBND, TYBS, DLBL
at Nasdaq.com (Thu, 12:07PM)