Retail sales...bad news

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.

Investment implications are discussed in depth in each issue of The Peter Dag Portfolio.

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Thank you for visiting this site.

George Dagnino, PhD
Since 1977 
Author, Profiting in Bull and Bear Markets

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.

1 comment:

Crystal James said...

Thanks for the information provided. I think that the most important fact is that the economy is developing and growing and the speed of growth is not that important. The most important is to see the progress and development in a right direction. However, many Americans still don’t have an opportunity to save money and use quick easy loans to make ends meet.