Last week may not have been loaded with economic numbers, but the few numbers we got were all pretty important.

While there was a steady flow of economic data all last week, not much of it was market-moving. The only item of any real interest was August's retail sales growth, which were good… as expected.

Although it was a low volume week, the bulls clearly outnumbered the bears last week. The S&P 500 (SPX) (SPY) managed to close at a record high close on Friday after hitting a record intraday-high on Thursday. Well supported or not, the momentum continues to carry us higher.