text:  Scott Lincecum, Vice President of General Economics and Trade with the Cato Institute. Thank you very much. My pleasure. Retail sales were flat in June with forecasts of a drop that's stronger than expected. It's the Dow so-called blue chips that are surging this morning, not the tech firms. The Dow is up 593 points, one and a half percent, but the Nasdaq is down 12 points. The S&P is up four tenths of one percent.