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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