Market still expects 25-basis point hike in May
Although the headline March Retail Sales report was disappointing, much of the weakness was due to a price drop in gasoline.
Read MoreStocks take a leg lower on Michigan Sentiment data
Better sentiment and higher inflation expectations do not support the case for pausing rate hikes.
Read MoreRetail sales declined from February
Retail sales were weaker than expected in March, with all but the control group coming in below estimates.
Read More4 Key tactical indicators
Thursday’s rally lifted the percentage of S&P 500 (SPX) above their 10-day moving averages to the upper end of neutral, while bringing the CBOE Volatility Index to the lowest…
Read MoreTGIF early look
S&P equity futures are trading slightly below Thursday's close amidst positive sessions in Europe and Asia overnight.
Read MoreStocks rally on cooler PPI
Stocks bounced back from yesterday’s decline, with the benchmark indices climbing higher throughout the day.
Read MoreBullish sentiment dropped, while bearish sentiment was little changed
The American Association of Individual Investors (AAII) reported retail investors were less bullish.
Read MoreFed and employment indicator join recession parade
According to yesterday’s minutes from the March FOMC meeting, the Fed now expects a “mild” recession.
Read MoreJobless claims and PPI
The U.S. Labor Department reported that for the week ended April 8, 239k people filed initial jobless claims, just 4k more than expected.
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