Retail, business sentiment on docket
Mike Yamamoto | email@example.com
Today's economic calendar is light, covering weekly retail figures and small-business sentiment.
The day begins with the NFIB Small Business Optimism Index at 7:30 a.m. ET. The consensus forecast calls for a reading of 90.1 in February, up from 88.9 in the previous month.
The ICSC-Goldman Store Sales report will be released at 7:45 a.m. ET, followed by the Redbook retail numbers at 8:55. a.m. ET.
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Trade prepares for pullback in retail
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One trader is setting up for the possibility of a 5 percent pullback in the SPDR Retail Fund to a level not seen since May.