#1226 Darius Dale | Wall Street Is Calling The Fed's Bluff?!
The Pomp Podcast
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The US Economy Remains Resilient Despite Recession Fear
June retail sales stated this morning at 8.30, and on a headline basis, we accelerated to 4.6%. We had auto sales accelerate to 23% plus three month annualized, highest number we've seen in three months. On the flip side, we're seeing manufacturing and capacity utilization actually decreasing? Yeah, absolutely. But you know, there's a reason why I'm not too concerned about the manufacturing side of the economy from the production standpoint.
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