Reply To: Traders Market Weekly: Thanksgiving, a Time for Reflection


Equity futures extended their losses after the October retail sales report.

Total retail sales jumped 1.3% month-over-month in October (consensus +0.9%) following an unrevised unchanged reading for September. Excluding autos, retail sales also rose 1.3% month-over-month ( consensus +0.6%) following an unrevised 0.1% increase for September.

The key takeaway from the report is that retail sales, which are not adjusted for inflation, were still fairly solid in October, underscoring that consumer spending continues to hold up fairly well, supported by continued low levels of unemployment.

The S&P 500 futures are down 14 points and are trading 0.4% below fair value.
The Nasdaq 100 futures are down 64 points and are trading 0.5% below fair value.
The Dow Jones Industrial Average futures are down 47 points and are trading 0.2% below fair value.