035: The Latest Retail Sales Report: Winners, Losers, and Future Sustainability 08-15-23
Ready to unravel the mysteries of the latest retail sales report? Buckle up, as I take you on a journey beneath the surface of these whopping numbers. We’ll reveal the unexpected winners and losers, with sectors like autos, furniture, and electronics not quite riding the wave. But wait till you hear about the explosive growth of internet sales — all thanks to Amazon’s Prime Day!
However, it’s not all rosy, as we grapple with some hard-hitting questions about the potential sustainability of this consumer resilience. Will factors like higher gasoline prices, looming student loan repayments, and rising credit card debts be the straw that breaks the camel’s back? Tune in as we also decipher the market’s reaction to the report and its fear of an unending Federal Reserve tightening cycle. For all the investment enthusiasts out there, join me to gauge the market and the future possibilities. And always, feel free to reach out with your questions or comments at podcasts at verdence dot com.
