The market continues to meander higher, powered by the American consumer.  Retailers continue to post great financial results and offer guidance in the face of pending additional tariffs. Only Dollar Tree (DLTR) is getting punished after hinting tariffs would have a much deeper financial impact.  This tariff situation has been a great litmus test to find the nimblest retailers. Those that have been able to build a moat around their customers, and insulate them from tariffs, are benefiting mightily. 

New home sales also rocked this morning, delivering the best back to back months in more than a dozen years.

New Home Sales

At midday the major indices are all in the green, albeit slight.

NYSE

• Advancers: 1,677
• Decliners: 1,256
• New Highs: 119
• New Lows: 19
• Up Volume: 837.9 million
• Down Volume: 818.6 million

NASDAQ

• Advancers: 1,712
• Decliners: 1,356
• New Highs: 166
• New Lows: 55
• Up Volume: 580.9 million
• Down Volume: 467.2 million