The 9.2% Number Hiding Inside Retail Sales | S3 E155 | 07-17-26
June retail sales came in close to expectations, with headline growth slowing to 0.2% as gasoline station sales pulled the number down. But strip out food, energy and building materials, and the control group grew 0.5% on the month and is running at a 9.2% annualized pace over the past three months. Megan breaks down what that split actually tells us about the consumer.
In this episode, Megan covers:
📊 Why headline retail sales growth slowed to 0.2% in June
⛽ How falling gasoline station sales weighed on the overall number
💪 The control group’s 0.5% monthly gain and 9.2% annualized pace
🚗 Strength in motor vehicle and electronics sales, and the inflation caveat that comes with it
😊 Consumer sentiment jumping to its highest reading since February, before the Iran war
💻 Why markets are more focused on AI related weakness in tech and semiconductors right now
If you are watching your portfolio and wondering what these numbers mean for your money, this one is worth five minutes of your time.
For a history of all Markets with Megan episodes, visit: https://marketswithmegan.FM
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