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Stocks Stumble As Business Inventory-to-Sales Ratio Hovers At Lehman Levels
The post-retail-sales, opening ramp has been eviscerated as yet another data series suggests things aren't well in the US economy. US Business inventories rose more than expected in February (+0.3% vs +0.2% exp) but this held the crucial inventories-to-sales ratio at 1.36x - the highest since the Lehman spike.
Worst since Lehman...
And stocks continue to slide...
Charts: Bloomberg
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