More Than...Less Than...

"U.S. retail February sales trail estimates on weather."

It was a cold February, but what this really says is that consumer spending is declining. The statistic his an 11 month low which makes me actually believe that the weather might have had to do something with the statistic. Knowing this, they still over estimated the amount of sales. Once again this will not bode well for GDP growth as retail sales and consumer spending continue to decline.

Despite the news, the market is up triple digits this mourning. I wouldn't be surprised if they gave it all back tomorrow when the unemployment numbers come out.