Market Insider

Market insider: What do Chinese exports say about US retail sales?

Traders on the floor of the New York Stock Exchange.
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The market's weather card could be in play again in coming days, and it won't merely be used by investors to shrug off disappointing data on the U.S. labor market.

"The weather had to affect shoppers in February. So, just like we had a built-in cushion for the jobs number on Friday, we've got the weather excuse for retail sales," said Chris Gaffney, senior market strategist at EverBank.

The monthly figure from the Commerce Department, a widely watched gauge of consumer spending, will follow a small upside surprise in retail sales in December, "but January disappointed largely because of the weather," offered Randy Frederick, managing director of trading and derivatives at the Schwab Center for Financial Research.

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