Friday, June 11, 2010

May Retail Sales

May retails Sales numbers released a few minutes ago were disappointing to investors. May's retail Sales were down 1.2% compared to being up 0.6% in April. The Futures are down. The May drop is the biggest in 8 months. Even when you take out Auto's from the data, the numbers are lower. It will be interesting to watch to see how much of yesterday's gains are going to be taken away today. Any bets?

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