Core Retail Sales Tumble Most Since January

``Perhaps most worrying however is the mere 2.3% YoY growth in headline retail sales - a level that has signaled recessionary conditions in the past... Looking at the full year, BofA finds that retail sales ex-autos are only up 0.7% yoy, and points out that Census Bureau data have closely followed the trend in the BAC data, suggesting that the market should prepare for either a downward revision to the June data and/or disappointing July figures...''