Back to the US. Thursday’s Jobless Claims and Retail Sales results pack major mkt-moving horsepower.
Due to the miserable Payroll result last Friday, a weaker than expected result for either of these, or especially for both and the mkt crowd will embrace a double dip.
We cannot assign a risk to either, so we’ll have to wait and see.
Robert Craven
Monday, July 11, 2011
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