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12 Things Everyone Got Wrong About Inflation
The Compound and Friends
The Market Will Never Go Down Again
Bank of America says retail sales were up 0.2% month over month in June, which was a little bit weaker than consensus,. Retail ex-orders came in at 0.2%, which was below consensus. The core control group grew by 0.6%. They say that most robust growth was non-store retailers. Do you know what that is? Is that maybe that's e-commerce? Is that Instagram? I guess non- store retailers soared by 11% annualized in the second quarter. And if you exclude non-Store retailers, everything's down. So maybe that's what that means. It seems like we're okay on the consumer. Third month of retail sales coming
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