Is This It For The Market Rally?

The S&P 500 closed at an all-time high yesterday.

Meanwhile, market watchers continue to look for a top.  At the very least, people are looking for a 5% pullback or a 10% correction before the rally resumes.

Earlier this morning, we got an ugly retail sales report that showed consumers unexpectedly pulled back in March.  Sales fell 0.4% during the month.  Excluding autos and gas, sales were down 0.1%.

U.S. stock market futures fell sharply into the red.

So, is this the top?

Here’s a look at Dow futures this morning.

FinViz

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.