After the big rally yesterday, I don't expect any fireworks today. The market held support at 1040 and the paper napkin chartists will breathe a sigh of relief. We may have some early weakness as traders reduce risk ahead of the weekend. I won't do much until we go at least 30 points higher or 50 points lower.
Retail sales are bad. Consensus is +0.4%, actual number is -1.2%.
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