Last week we had a look at the Johnson Redbook numbers that showed a slowdown in sales. This week we are seeing another rise in the comparative numbers, but strip out autos that could be leftover from the cash-for-clunkers. Of course some is the demand from Asia.
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There has been a few items that we have seen lately regarding China’s desire to build their commodity stockpiles and now they are reportedly looking to create strategic coal reserve. Our position in Consol Energy (CNX) could do well as they have been discussing their China relationship for some time.
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Some commentary on the retails sales numbers released last week. This is consistent with what we are seeing this week as well.
Analyst David Rosenberg:
According to the Redbook survey, same-store sales were running at +1.7% YoY as of November 7th ”” below the target of...
Cyber Trading University
CyberExpo on November 17, 2009 starting at 10:00AM EST
FULL DAY FREE WEBINAR EVENT
Featured Instructors:
Thomas Busby of DTI Trader – Futures Course at 10:00AM
David Derricott of MetaStock – RMO Trading System at 12:00PM
Andrew Horowitz of the Disciplined Investor – Investing Course at 1:30PM
Many of the ETFs that represent world exchanges broke out last week. This is also true of many of the commodity related shares and especially the precious metals group.
Much of the movement can be directly related to the diving U.S. dollar as the impact across commodities is well related. If...
