Tuesday, April 14, 2009

Morning Update/ Market Thread 4/14

Good Morning,

Futures are down this morning seesawing lower, higher, and then coming down on lower than expected retail sales for the month of March:

Retail Sales were down 1.1%, and the PPI was also down 3.5% ("core" down 1.2%) showing that the deflationary trend is still in place. For the week, both the ICSC and Redbook showed small advances in sales.

That’s about it, Johnson and Johnson beat, Home Depot is down, the Dollar is up, gold is down, bonds are up, the XLF and GS are down.

Have a good day, I should have an article or two coming up…