Relevant:
- If This Consumer Spending Chart Doesn't Change Direction, Look Out Retail Stocks
- Super-Weak Consumer Landscape Portends Poor Retail Earnings Soon To Come
- Retail Sales and Mortgage Defaults, Oh My!
- Buffett Sees No Rebound Soon for Retail, Manufacturing or Services
- Core Retail Sales Growth Weakest In Almost 3 Years (CONTRADICTING NRF'S RAH-RAH REPORT)
2016-06-13 — zerohedge.com
``... the Atlanta Fed's latest GDP nowcast stands at 2.5%. Unfortunately, this may once again be unwarranted. The reason: the collapse in retail spending which many had expected would be transitory and which has pressured discretionary consumer stocks in recent weeks, just refuses to go away... The math here is simple: without a strong rebound in spending, there simply can not be a strong rebound in GDP, period.''
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