10-year Treasury Hits Forecast

ICSC-Goldman Store Sales (week ended 10/11/2014)

– Store Sales week/week  -0.7%. Previous was +0.1%

– Store Sales year/year  +3.8%. Previous was +3.9%.

 

Redbook (week ended 10/11/2014)

– Store Sales year/year  +3.8%. Previous was +5.4%.

 

NFIB Small Business Optimism Index  (September 2014)

– Optimism level 95.3.  Previous was 96.1.

This is a survey of small business owners.  There are 2 areas of concern:  current job openings and planned capital spending both decreased.  These are issues only if they become trends.

Note that our market call for the 10-year Treasury to hit a bottom of 2.25% was realized today.