Could well be. Today’s extension of the rally was on the back of retail sales figures. Retail sales rose 1.4%  in October vs. 0.9% consensus and 1.5% decrease in September. Retail sales ex. autos rose 0.2% vs. 0.4% consensus and 0.5% growth in September. Obviously the low base in September reading (cash-for-clunkers ended in August) […]

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Important U.S. earnings this week: Monday: Carter’s (CRI), Lowe’s (LOW) Tuesday: Concur Technologies (CNQR), Target (TGT), Autodesk (ADSK), TJX Companies (TJX), Home Depot (HD), Jacobs Engineering Group (JEC), Salesforce.com (CRM) Wednesday: BJ’s Wholesale Club (BJ), NetApp (NTAP), Jack in the Box (JACK), Chico’s FAS (CHS), Donaldson Company (DCI), Petsmart (PETM), Woodward Governor (WGOV), Phillips-Van Heusen […]

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