The Rest of the Retail-Sales Story (Hint: It's Much Better Than Today's Numbers Suggest)
No ratings
Welcome to the weekend, folks, and aren't you glad to have this past week behind us? It wasn't a bearish week per se.
It was just dead. After the S&P 500 moved from 2031.92 to close at 2038.26 on Monday, there was never a close more than two points above or one point below that level.
So what? The "so what" is, if the market doesn't budge for four straight days in November, it usually means something. My fear is, this time it means investors know there's no real room for more upside, but nobody wants to be the first dump their positions and lock in their gains.