May Retail Strong
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Started by TimNew - June 14, 2019, 9:01 a.m.

Retail pretty strong across the board.  Equities Futures, while remaining negative, up slightly following report with a .5% upward revision to April.

Industrial production next at 9:15.  I'm expecting weakness, particularly in Durables.  We'll see.


Consumer Sentiment at 10am has been running strong and I expect it to continue.  At least a partial explanation for strong retail.


https://us.econoday.com/byshoweventfull.asp?fid=498893&cust=us&year=2019&lid=0&prev=/byweek.asp#top


"Fives are strong and they're wild in the latest retail sales report that mostly beat expectations in May and includes sharp upward revisions to April. May's 0.5 percent headline gain missed Econoday's consensus by 2 tenths but that's where the shortcomings stop. Ex-auto sales, ex-auto ex-gas sales, and control group sales all rose 0.5 percent and all beat their respective consensus forecasts by 1 tenth."

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