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WTF Chart Of The Day: Retail Sales Record High, Consumer Sentiment Record Low

WTF Chart Of The Day: Retail Sales Record High, Consumer Sentiment Record Low Following last month's ugly decline ("see the consumer is getting crushed because of Trump"), August's retail sales is expected to rebound strongly ("see, Trump's war is causing Americans to spend more on gas and less on Louboutin shoes"). BofA's omniscient analysts agree with consensus, seeing a 0.8% MoM jump... Quick reality check - July retail sales weakness was driven by a plunge in non-discretionary spending by higher income households... So, what did August bring? Headline US retail sales rose a...
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