Mar. Retail Sales: +0.8% vs. +0.3% expected, +1.1% prior. Ex-auto +0.8% vs. +0.6% expected,...

Mar. Retail Sales: +0.8% vs. +0.3% expected, +1.1% prior. Ex-auto +0.8% vs. +0.6% expected, +0.9% prior.
Comments (6)
  • bbro
    , contributor
    Comments (11217) | Send Message
    Year over Year Retail sales ex gasoline up 6.3%...way way above recessionary figures....
    16 Apr 2012, 09:12 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1800) | Send Message


    Definitely a good number. However as you know, the seasonal factors of warm weather that everyone has been discussing are confusing some of the clarity of the overall strength but having said that it still looks pretty good.


    The question is whether the weather really was a catalyst in drawing sales forward and April and May will tell us the answer to that question.


    Based upon the market's reaction it seems like the good numbers were already priced in.
    16 Apr 2012, 10:21 AM Reply Like
  • bbro
    , contributor
    Comments (11217) | Send Message
    Definitely the market has been due for a correction ( sighting the negative divergence on the RSI on the April 2 high)...further selling
    could yield a rentry point based on slow stochastics
    16 Apr 2012, 10:43 AM Reply Like
  • blueline
    , contributor
    Comments (2599) | Send Message
    A breakdown in the details is the only way to evaluate the retail sales figures.
    Did the same amount of goods sell but at a higher price due to inflation?
    Are people stockpiling supplies in anticipation of further inflation?
    Are people charging the retail sales on credit cards that can not be paid off at the end of the month?
    16 Apr 2012, 09:23 AM Reply Like
  • Ben Bernankes friend
    , contributor
    Comments (475) | Send Message
    No one takes the time to look into that. The market reacts on headlines, rationally or not.
    16 Apr 2012, 10:34 AM Reply Like
  • bbro
    , contributor
    Comments (11217) | Send Message
    By the time you get those answers a recession will already have started...
    16 Apr 2012, 09:54 AM Reply Like
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