Relevant:
- If This Consumer Spending Chart Doesn't Change Direction, Look Out Retail Stocks
- Retail Sales Data Furhter Boxes-in Yellen for Hike
- Goldman Indicator, Moribund Retail Spending Portend Ill For Fed Hike
- U.S. retail sales blow expectations in September; but dark clouds gathering
- This time, cheaper oil does little for the U.S. economy
2007-09-24 — blogspot.com
"If the retail sector is a surrogate for consumer spending, maybe the market is not really that confident about the strong economic growth in the near term. Just maybe all recent increases in stock prices is caused by the euphoria of a rate cut and has nothing to do underlying fundamental strength of the economy."
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