-
Preview: US Retail Sales – Examining S&P500 and Dollar Index
Expectation for February US retail sales is for a strong pickup in activity as the labor market has improved putting more money in the hands of households and consumers. A positive retail sales report - coming from the right reasons not just higher gas purchases - can have a positive impact on the US dollar similar to the reaction we saw following Friday's non-farm payroll report when traders and investors priced out further expectations around quantitative easing.