kaltbaum email

I am traveling the first part of today…so will be on plane when the fake jpb’s number comes out as well as the reaction.

 

Market helped by retail yesterday as semis,commods and financials felt pressure. In retail, dollar discount stores held support off of ROST comps…DLTR and ROST came right off the 50 day. HOUSING continues strong and a little upset havent played yet…but the good news is AAPL continues higher…and V starting to work. The bad news is that to my eyes, about 60% of the market still looks like crap. Still working are reits,food,drugs,beverages,household products,tobacco.

 

Will have more on Sunday when I am back in the states.