Those consumer-oriented stocks gained quite aggressively yesterday after the January retail sales data, which was a pretty good number, so we saw a bit of profit taking today.
More Quotes from Warren Hammond:
Their results were pretty much in line, and after the shares hit life-time highs, people are cashing in after the results.Warren Hammond
Initially we were down on negative earnings news from the US, but resource stocks led a rebound, industrials and banks are still under pressure.
Warren Hammond
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