Not sure how you classify the releases as bad news. Both PPI numbers were very good...less than expected is good...relates to inflation. Retail sales was off and core was as expected...not bad numbers overall... The reason retail sales is not so bad is the numbers of retailers yesterday and this morning is very encouraging to the market.
There was time when these numbrs meant alot more but times have changed.
I still favor a short soon but we my see some non movement until Bernanke speaks and the inventories number
There was time when these numbrs meant alot more but times have changed.
I still favor a short soon but we my see some non movement until Bernanke speaks and the inventories number