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)