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Trading | May 25, 2017
Retail and Wholesales Inventories in April dropped 0.3% MoM – dramatically missing expectations of a 0.2% rise (no economists at all expected a drop in inventories).
Retail Weak…
And Wholesale weak…
The biggest driver of the drop was a 0.5% MoM drop in Motor Vehicle inventories.
This does not bode well for Q2 GDP…
275% in one week on XLF - an index fund for the financial sector. Even 583%, in 7 days on XHB… an ETF of homebuilding companies in the S&P 500.
