The positive economic news in the US continues to roll in, this time coming in the form of retail sales
Jay Soloff
Argonath Financial
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)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
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 maker on the floor of the CBOE, as a consultant on Wall Street, and as a senior analyst at a multi-strategy hedge fund. You can visit my website at www.argonathfinancial.com.
Jay Soloff
Research Analyst
Argonath Financial
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...
Expertise
No areas of expertise
Jay Soloff
Research Analyst
Argonath Financial
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...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment