It Could Have Been Worse
It could have been worse: We hit our lows for the day (Dow down 177) just before the European close, but like so many days, the minute Europe closed, our markets improved.
I'd say 60 percent of the problem in our markets was Europe today, but 40 percent due to some disappointment over ISM Services for March.
Regardless: tomorrow (Friday), retail same store sales for March are expected to be strong — warm weather is the gift that keeps on giving for retailers.
Zumiez just reported March sales up 14.1 percent...the company guidance was for a high single digit increase. Street had 10 percent. Good start!
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