Retail sales jumped +0.6% in June. But do not get too excited. Retail sales were up +2.7% y/y, which is what happens when the economy is in a recession (see above chart).
The point is the economy is still growing slowly. This situation creates risks and opportunities.
You will encourage my timely update of this blog on the economy and financial markets by entering a subscription to The Peter Dag Portfolio.
Thank you for visiting this site.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
Disclaimer. The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
Buy my new book now
EASY WAYS TO BEAT THE MARKET WITH ETFs .