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Sweating the Retailers, Repair the Yield Curve, Trading Lockheed: Market Recon

Stephen Guilfoyle

Retail Sales as released by the Census Bureau have become wildly inconsistent from month to month. Perhaps that means that the weather really is to blame when a series of retailers report weaker than expected sales growth, or should I say sales contraction? Let's revisit the April Retail Sales data (which is not part of this reporting season, mind you), Non-store retailers printed at -0.2% month over month, despite a league leading 9.0% growth year over year.