Wednesday, November 14, 2007

S&P futures vs fair value: +6.8. Nasdaq futures vs fair value: +7.0.

Futures climb back to the unchanged mark and then get a pop on the release of the October retail sales and PPI reports. Retail sales ex-auto came in at 0.2%, in-line with the consensus estimate. Core PPI was unchanged. Economists expected a rise of 0.2%.

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