The S&P 500 futures currently trade 30 points above fair value.
Just released, total retail sales rose 1.2% month-over-month in August (Briefing.com consensus: 0.9%) after a revised 0.5% decrease in July (from -0.6%).
Excluding autos, retail sales increased 1.4% month-over-month (Briefing.com consensus: 0.5%) following an upwardly revised 0.2% decline in July (from -0.3%).
Import prices increased 0.7% in August from an upwardly revised 0.3% decrease in July (from -0.4%).
Excluding oil, import prices increased 0.8%, following a downwardly revised 0.3% increase in July (from 0.4%).
Export prices rose 0.6% month-over-moth in August after falling a downwardly revised 1.4% (from -1.3%) in July. Excluding agriculture, export prices increased 0.7%, following a downwardly revised 1.6% decrease (from -1.5%) in July.