Fundamentals Positive but…

ICSC-Goldman Store Sales (week ended 10/4/2014)

– Store Sales week/week +0.1%. Previous was -0.2%

– Store Sales year/year +3.9%. Previous was +3.6%

 

Redbook Store Sales (week ended 10/4/2014)

– Store Sales year/year  +5.4%. Previous was +4.3%

 

JOLTS (August 2014)

– Job Openings 4,835,000. Previous was 4,673,000.

This indicates strengthening in the Jobs market.

These positive fundamentals were overwritten by concerns about GDP’s in the EU – a problem not likely to go away soon.