Daily Note | December 15, 2023 | Floaters Still Have Legs

Retail sales came in stronger than expected as the Fed can't catch a break on the consumer or labor market.  Still, it likely doesn't change the narrative of the dovish tilt that we saw on Wednesday.  

Markets are headed for their seventh positive week in a row.  It's safe to say we are in short-term overbought territory but it is doubtful that we will s…