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MAGA Economy Gets Spate Of Good News In Retail Sales, Philly Fed
Retail sales came in better than expected for December (even as some cohorts were revised lower for prior data), perhaps relieving some worries about the stability of the key pillar holding up the US economy at a time when business investment is subdued and C-suite confidence remains depressed.
On the headline, retail sales rose 0.3% last month, inline with estimates.
Less autos, retail sales rose a much better-than-forecast 0.7% (consensus was looking for a 0.5% gain). The control group post
That should be good for another 10% rise in the S & P this month, lol.