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.