US Retail Sales Plunge Ahead Of New ‘Stimmy’ Surge

US Retail Sales Plunge Ahead Of New ‘Stimmy’ Surge

Last month, the market was treated to a flaming hot read on US retail sales, which were boosted in January by stimulus checks (or "stimmy," as the payments are affectionately known on social media). BofA (among others) pointed to that print as a harbinger -- a preview of things to come as more stimulus is injected into the veins of the US economy just as mass vaccinations allow the services sector to reopen for the summer. "The epic January 2021 retail sales [data is an] absolute game-changer,
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