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"Good" News Is Bad News - S&P, Dow Give Up Post-China Press Conference Gains

42 year low jobless claims and retail sales in line... sell sell sell. The Dow and S&P have given up all their overnight gains ahead of the open...



Who could have seen that coming?

All that said, China may quickly be forgotten if only for a few hours when looking ahead at today's key economic data which is in the form of US retail sales.


Should the retail sales print be far stronger than expected, then the shaky September rate hike case will be right back on the table, and as has been the case recently, will be another instance of "good economic news is bad news for stocks."


Which may explain why equities are far less exuberant this morning than usual following massive central bank intervention. 

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