-Factory Orders (August) were -0.2%
-Previous was +2.4%
-Consensus was -0.3%
-Consumer was not keeping pace and we have seen supply-side data reveal that business is now bringing its thinking in line with the consumer.
-ISCS-Goldman Store Sales, Week/Week: +0.1%
-ISCS-Goldman Store Sales, Year/Year: +3.7%
-Redbook Store Sales, Year/Year: +4.1%. Previous was +4.2%.
Our call was for a technical objective of a 1.47% 10-year yield. We are still headed in that direction. The Dow is suffering a technical correction and its first stop on its downward path should be 10,000.