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US S&P500 Retailing Index

When we cast our eyes to US retailers the picture has been more positive with the pull back much shallower and today they’re back within a couple of good days of fresh highs. The implication is the domestic issues are weighing on our market but all of the 4 points mentioned earlier also apply to the US suggesting the local investors have become a touch too nervous & / or conservative.

US retailers remain bullish at this stage of the cycle
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US S&P500 Retailing Index
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