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.