The blog gives an insight on global economies and stock markets. I try to present thought provoking facts which can be used to take investment decisions and generate the elusive 'alpha'
Friday, June 11, 2010
US Retail Sales- May2010 down 1.2% v/s +0.2% expectation
Just few hours into my first blog post and I read that the US retail data has come at a negative 1.2% for the month of May 2010. However what was interesting was that the consumer confidence was at a two year high at 75.5. Either I may go miserably wrong on my prediction that this downward trend will continue or may be the confidence number may start to weaken next month onwards as consumers start seeing the fallout in Europe and start fearing from the double dip recession.
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