Tuesday, December 13, 2011

US Consumer


Today’s Nov Retail Sales print was far inside of expectations; we predicted that the result would exceed expectations.

We were very wrong on today’s result, having missed the pause in food & beverage activity.  We set an anchor  to provide security to the desk; on this occasion it failed.

Perhaps we had grown complacent, having experienced satisfactory results past months.  We’ll take a look and be back on this one.


Robert Craven

No comments:

Post a Comment