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Stock prices are lower after the S&P (2039) and the Dow (17614) closed at record levels yesterday.  The S&P marked its 40th new closing high for the year (versus 45 in 2013) and is up 9.5% from that six-month low just a month ago.

Speaking of buying low; wholesalers are amassing larger inventories than have been deemed prudent by analysts.  So it you want to gamble a little, you might find last-minute deals this Christmas if Retail Sales don’t also beat expectations.

In the meantime, pricing of both Stocks and Bonds is down marginally.