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Stocks Slide, Dollar, & Bond Yields Tumble After Retail Sales Miss

"Good news" - best month in a year for retail sales... or "bad news" longest streak of misses since Lehman. It is unclear what the market is seeing in this data - Bond yields have plunged and the dollar is getting monkey-hammered (signalling expectations of lower for longer) but stocks are lower (less ZIRP punch in the punchbowl).





Chart: Bloomberg