Today’s Retails sales data was surprisingly better then consensus. With all of the Monthly sales reports from kohl,target five below missing expectations pre report sentiment a bit bearish. Below is the breakdown of Monthly retail sales with Right column November and left December numbers.The red circles indicate the big declines from Nov, Department stores an Ugly 2 months thus the poor numbers from Above mentions stores.
The other data point, a regional Manufacturing survey from Philadelphia Fed beat expectations handily, the Sub -components also very strong.The regional Survey’s give the first look at current months Economic data and are worth markets attention.Take notice of the Circled Components a Nice Start to the year.
Bonds trading lower on day and a small bid in dollar