US Mid-Mornign Recap by TradeTheNews Staff - The data highlight this morning was December advanced retail sales that which were reported above consensus estimates. US Treasuries immediately sold off but yields have come down from their highest levels as traders noted downward revisions to November numbers. The 10-year yields stands just above 4.75%. - Early in the session equity traders are looking to take advantage of what may be an oversold condition in the energy complex by bidding up oil stocks despite Feb crude futures dipping below $52. OIH +2% CVX +1.5% XOM +0.8% There has been some talk of an emergency OPEC meeting in January, but nothing has been confirmed. Advanced Micro Devices has put a little pressure on semi stocks but overall the group is holding up ok. AMD is off more than 10% after cutting guidance. SMH â0.65% INTC â1% - The EURO has ticked up against the Dollar after some initial weakness post retail sales. There was some trader chatter of Central Bank buying and Belgian forecasts raised their 2007 GDP forecast slightly. The Euroâs strength has helped push Feb Gold futures up $5 as well after electing some stops above $617.40.