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Details:
Some other details MoM and YoY changes:
Stronger from most angles vs expectations. In addition, the revisions for the retail sales were better as well. Dow up 160 points. S&P is up 14.28 points and NASDAQ is up 57 points. The 2-year yield is trading near highs at 4.463% up 1.0 basis points. THe 10 year is at 4.208%, -2.1 basis points.
A poor performer is the auto (and gasoline stations) which did not do well last month. Motor vehicle and parts dealers fell -2.0% MoM
This article was written by Greg Michalowski at www.forexlive.com.
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