The positive economic news in the US continues to roll in, this time coming in the form of retail sales
The positive economic news in the US continues to roll in, this time coming in the form of retail sales. Retail spending climbed to 0.7% in November, well above expectations of 0.4%. The annual changes looks even better, with sales climbing 5.1% year-over-year. Spending increased nearly across the board, with big gains in motor vehicle & parts, building materials, and clothing. As expected, gasoline sales dropped from October. Given the ongoing plunge in crude oil prices, December could also be a breakthrough month for retail sales. It certainly bodes well for US consumers in the short-term. (VIEW LINK)
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
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