The Market Update Desk August 15th - Retail sales come in Hot

The Market Update Desk August 15th
- Home builders index shows a mixed bag. BUT with rates dropping this should change in next months report
- Stocks are on a torrid pace today!
- Jobless claims come in cooler than expected
- Retails sales HOT numbers!
10 year bond and mortgage backed securities pull back today from the retail sales numbers
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‪@themarketupdatedesk‬

[@ellenspianostudio]

will be curious what the FED thinks of the retail sales data

[@clifftanch]

Note. It’s interesting that despite the retail sales number, which was an unusually big number, the Atlanta Fed REDUCED its GDPNow forecast for the third quarter to 2.8%SAAR from 2.9%.

[@themarketupdatedesk]

@clifftanch my opinion is that the retail sales we just got is a head fake. Auto sales (tesla) may have skewed it. I think Atlanta fed is on the right track.

[@scottreilly9223]

retail sales .... wow