Hello MarketClub members everywhere. After five days of gains, the dollar is dropping from subdued retail sales data and inflation in the world's largest economy. Gold has risen for a second straight day, while crude oil has slipped back below $48 a barrel.
Several retailers, including Macy's, Nordstrom, Kohl's and J.C. Penny, have seen their stocks tank this week after reporting weaker-than-expected quarterly results, putting the retail sector under pressure. You have to wonder how brick and mortar retailers can survive in an ever-expanding online world. What do you think?
Key levels to watch this week:
S&P 500 (CME:SP500): 2,36.19
Dow (INDEX:DJI): 20,723.59
NASDAQ (NASDAQ:COMP): 5,970.25
Gold (NYMEX:GC.M17.E): 1,216.90
Crude Oil (NYMEX:CL.M17.E): 46.01
U.S. Dollar (NYBOT:DX.M17.E): 99.76