US February retail sales +0.6% vs +0.8% expected
February 2024 US retail sales
Prior was -0.8% (revised to -1.1%)
Details:
Ex-autos +0.3% versus +0.5% expected.
Prior ex-autos -0.6% (revised to -0.8%)
Control group 0.0% versus +0.4% expected
Prior control group -0.4% (revised to -0.3%)
Retail sales ex gas and autos +0.3 % -0.5% prior
The market is largely ignoring this and focused on stronger PPI and a better initial jobless claims report. I think that's a mistake. Retail sales is the most-forward looking of the releases and this is the second weak number in a row. $Invesco QQQ Trust(QQQ.US$ $SPDR S&P 500 ETF(SPY.US$ $Dow Jones Industrial Average(.DJI.US$ $Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$
Details:
Ex-autos +0.3% versus +0.5% expected.
Prior ex-autos -0.6% (revised to -0.8%)
Control group 0.0% versus +0.4% expected
Prior control group -0.4% (revised to -0.3%)
Retail sales ex gas and autos +0.3 % -0.5% prior
The market is largely ignoring this and focused on stronger PPI and a better initial jobless claims report. I think that's a mistake. Retail sales is the most-forward looking of the releases and this is the second weak number in a row. $Invesco QQQ Trust(QQQ.US$ $SPDR S&P 500 ETF(SPY.US$ $Dow Jones Industrial Average(.DJI.US$ $Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$
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