This is one of those buy weeks for eco reports. There are a couple of things that should be taken in, but on the whole not much to cause too much panic or euphoria.
Advanced Retail Sales and Wholesale Inventories are the only two that we will be looking at. As we have said before, the manufacturing sector is not showing good trends and the inventory numbers will help us determine if there is still a build occurring greater than sales.
The read through from the latest ISM reports shows that there is growth, but it is slowing each month. Of course it is important to note that the employment report does not confirm this yet.