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S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
)
Bitcoin
63,589.09
(
1.11%
)
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Stock Trading Guru

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Alias Born 01/14/2015

Stock Trading Guru

Re: None

Sunday, 01/18/2015 7:33:51 PM

Sunday, January 18, 2015 7:33:51 PM

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US Retail Sales plunged and that's important because...

Much of the mainstream financial media has been running stories that the drop in the price of oil was good for retail sales and consumer spending. That thesis is NOT supported by facts.

Oil has been falling since July and started picking up its descent in September. We have had plenty of time, and data, to see the drop in oil start to show up in Retail Sales. Not only did it not show up in the US Retail Sales report last week, it actually fell by the most in a year! I talk more about the drop in retail sales in the video below. This is an excerpt from the full weekly Saturday show that airs on YouTube.



Full weekly Saturday show is here: Stock Market Prediction News Week of January 19 2015
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