http://MikesDailyMarketReport.com: Retail Sales for December stunk! it dropped by 1.9%; and when you exclude Auto, then it dropped further, Down 2.3%. Also, Capacity Utilization dropped from 76.8% in November to 76.5% in December, along with Industrial Production dropping 0.1% in December. Even Consumer Sentiment dropped in January, from 70.6 in December to 68.8 for January. However, Business Inventories rose 1.3% in November. Both Stocks and Bonds are losing in this Market today! The bad data is usually good for Bonds; however, today, the sentiment is Uncertain, which is why we have been seeing wide swings in the Market. Take yesterday for an example, which we kept swinging back-and-forth between positive and negative, until it closed Up 8bps. Today, it was down about 17bps (s...
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