Retail spending ex-autos at -0.2% vs 0.3% expected. In other words, a
huge miss. I guess all those rosy retail headlines were even more full
of it then expected. But hey, a huge miss is a gain in today's "free
market". It's not like this data point matters... consumption is only a
measly 70% of the economy. Bullish for stocks!
No comments:
Post a Comment