FRIDAY’S UNEMPLOYMENT DATA ON TAP
Same store sales data was strong due to President’s and Valentine’s Day shopping. Often mentioned in all reports was snow which didn’t stop bored consumers from shopping. It takes a lot to slow down our friend Chucky. Brushed-off by the end of Thursday was poor Pending Home Sales data which was way below expectations at -7%. This was blamed on snow but can you have it both ways?
Bulls were active in retail stocks buying good news while ignoring everything else.......READ MORE!
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