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Dillard’s is having a great day, having received a full-on blessing from no less than Warren Buffett, shoving prices deep into an enormous topping pattern. I actually tried to short some shares after this pop, but there are no shares to be had.

The first of today’s two events is behind us now, with retail coming in weaker than expected. After the big jump in June (up 12.1%) retail growth has become weaker (up 8.3%) and weaker (up 1.3%) and weaker (up 0.7%, the most recent report). So clearly the explosive bounce after the shutdown is dead.
