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Strategies & Market Trends : the Women of SI
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To: Rainy_Day_Woman who wrote (1610)3/13/2002 9:05:33 AM
From: Rainy_Day_Woman  Read Replies (1) of 1691
 
8:50AM: The pre-market bias has taken a turn for the worse this morning in the wake of the unexpected weakness in the Retail Sales data. The headline figure was reported at 0.3% vs the consensus of 0.9% while the core number, excluding autos was up 0.2% vs the consensus of 0.5%. Though this is only one weak report after a series of stronger than expected reports, the sales data has triggered some concerns that there won't be any follow through from consumers in this recovery. The S&P 500 futures are now 1.3 points below fair value, the Nasdaq 100 futures are 18.50 points below fair value while the Nasdaq 100 PMI is down 13.62 points.
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