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Monday: Retail Sales


Monday economic releases:
• At 8:30 AM ET, Retail sales for April will be released. The consensus is for retail sales to decline 0.3% in April, and to decline 0.1% ex-autos. Note: Some of the decline will be due to lower gasoline prices.

• At 10:00 AM, Manufacturing and Trade: Inventories and Sales (business inventories) report for March. The consensus is for a 0.3% increase in inventories.

• Mortgage Delinquencies by Loan Type in Q1
• Schedule for Week of May 12th

The Asian markets opened mostly red tonight, however the Nikkei is up over 1.0%.

From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are down 4 and Dow futures are down 28 (fair value).

Oil prices are down slightly with WTI futures at .61 per barrel and Brent at 3.59 per barrel.

Calculated Risk

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