Something does not seem right with these numbers, in the past two weeks you have two out of three,big and small miss on earnings.
The whole economy is a show. And it's following a tight script. Nothing is really what it seems in this world.
Department sales were actually down. It was mostly food/restaurant sales and miscellaneous retailers which is probably the high end retailers that cater to the 1%.
Sentiment: Strong Sell
Yep....half was the result of spending on higher gas prices.
Less autos and gas........still positive.
You can twist and spin, but this mornings data is still a positive for the U.S. economy and, as you should be able to see, that is how the market sees it.