SPY All Over the Map Week

DGO Wednesdaaaaaaayyyy!!!!! : Gotta beat $174,908, real numbers

Chartwise, I think the week will be all over the map.

JUL Consumer Sentiment : 46.6 a vs 49 e, down from JUN 49.3

Stocks slip as July consumer confidence falls

Report

Strikes One, Two & Three... Leading to Strike Four?

THU's Same Store Sales (raw data not available) was generally poor.

Today's preliminary Michigan Consumer Sentiment was surprisingly poor.

It was not far off and fairly reflective of the JUN 30th also (surprisingly) poor JUN Consumer Confidence report.

0830 next TUE will be the week's biggest scheduled econ event: Retail Sales.

JUN Same Store Sales (in red) cover a large % of the Retail Sales total.

I think it fair to extrapolate diminishing data in SSS (maybe even sporting goods, as well) plus a known crack spread decline can't be good for Gasoline Stations (8-9% of total) and we can anticipate a poor non-adjusted JUL Retail Sales.

(The powers that be can divide the real numbers by whatever pie-in-the-sky <1.0)

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