Good news is good news for US stock market futures

Stock markets are saying the growth scare of August is over.

US retail sales beat estimates today and Walmart executives offered a strong endorsement of the health of the consumer. Shares of WMT are up 8% in the premarket.

S&P 500 futures are up 1% and have now cleared the 61.8% retracement of the July-August rout.

That’s a good sign that we will get a complete retracement to 5719.

The small cap market is reacting even better to the data with Russell 2000 futures up 2%.

This article was written by Adam Button at www.forexlive.com.