Yesterday morning less informed investors got excited about the Retail Sales number that we shared with you in the Morning Capsule. Stock market ran up over 200 DJIA points. However, due to the fall in oil prices, consumers have more money in their pockets. For this reason, good Retail Sales was not a surprise to the Smart Money. When the stocks were up over 200 points, Smart Money first selectively started slamming high fliers and then selling in futures brought the whole market down.
WEEKLY MARKET DIGEST: WILL UNDERPERFORMING MONEY MANAGERS STEP UP TO HALT STOCK MARKET DECLINE? $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
SMART MONEY SLAMS JOHNNY-COME-LATELYS
December 13, 2014