Socks rebounded today. Retail sales were up 1.1% in March led by strong auto sales. Also the U.S. government deficit came in lower than expected. This good news pushed stocks higher and helped stem the selloff from last week. The S&P 500 closed .82% higher and the battered NASDAQ closed .57% higher. Oil was a bit lower, but gold and silver were higher today. Thus the selloff did not become a panic and maybe it was only a dip? Lets see how the rest of the week plays out.
What do you think?