Retail Data Surprises, The Bull is Back
Are you about to choke me yet?
This morning the market opened to a artificial beautiful gap to the up side as retail sales came in strong. The sad part is that no one cares, or should care…
It doesn’t take a great economist to figure out that when you give low and middle class Americans (or any person really) $300 - $600 each to spend they are going to spend it.
As a result of our newly found consumer confidence, Wal-Market (WMT) shares are up again today and are ironically enough trading at highs not seen since 2004. Rally on my friends, rally on…
(As of this post the NASDAQ is up 1.22% and has found resistance at the 50 day moving average. High on session thus far is 2432.88.)
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[...] US stock market is on the rise this morning, thanks to some positive economic news. Retail sales data is in, and it looks like numbers are up for [...]
yea love WMT regardless just due to the economic environment. only retailer i’ll touch with a ten foot pole.