The good news is, the weekly losing streak has ended. The bad news is, it only barely ended. The S&P 500 did make a gain last week, but of only 0.52 points. Is this an omen, or just a blip in a bigger downtrend. The truth is, the jury's still out ? this week will tell the tale. The odds, however, still seem to favor the bears.
We'll poke and prod the charts below, but first, let's start with an economic macro-view.
Economic Calendar
Busy week last week, so let's just stick with the highlights.
* Retail sales were up modestly without cars, and down modestly counting cars into the number. Total spending (by dollars) as at all-time highs, though per-capita spending is just back to mediocre levels.
* Producer inflation (core and non-core) were up a little (+0.2%), and consumer inflation was up by the same 0.2%. The 'inflation
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