Indexes stumbled as weak earnings reports from Walt Disney, Macy’s and Fossil weighed on consumer sector. Treasury yields fell after a strong 10-year note auction. Profit-booking pushed the dollar lower against a basket of major currencies and gold advanced. Oil surged as data showed U.S. crude inventories fell unexpectedly last week.
I like Macy’s and I am entering with an option strategy Sell to Open M June Puts at 1.2 or better (Strike is only for Premium Members) This hurts sales… Wal-Mart, the world’s largest discount retailer, missed on earnings and lowered guidance (predictions about future financial results). Another large retailer, Kohl’s, saw earnings drop 15% for