The S&P 500 futures currently trade seven points above fair value.
Just released, total retail sales were down 0.6% month-over-month in July (Briefing.com consensus: 0.2%) following a 0.2% increase in June.
Excluding autos, retail sales were down 0.3% month-over-month (Briefing.com consensus: 0.2%) following a 0.2% decrease in June.