Beginning of a divergence? Sales of bonds have been the fuel for the stock market rally in January. However, stocks have moved sideways in the last few days, but the bond market is not being sold. We're in a narrow range between 1,495 and 1,515 on the S&P 500. Something is going to break soon.
2) Retail sales: No post-holiday blues? There was a lot of worry about retail this month, given the higher gas prices and the payroll tax increase that kicked in Jan. 1.