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Strategies & Market Trends : General market lab and commentary

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To: Robohogs who wrote (167)	2/16/2016 4:34:03 PM
From: Robohogs	of 668

From Street.com But to the chagrin of the "recessionistas," January U.S. retail-sales data came in much better than expected on Friday morning. For example, core sales came in at a +0.6% for the month vs. the 0.3% analysts had expected. To put that in perspective, core sales for all of 2015 averaged just 0.2% monthly gains. A 0.6% gain isn't the kind of reading that recessions are made of. Consumption drives the U.S. economy at the end of the day, and the January retail figures showed that Americans are consuming. I also noted that my favorite retail indicator -- so-called "non-store retail sales" (i.e., online shopping) -- rose 1.6% for January and 8.7% year over year. As you can see below, it's tough to find a better-looking chart: Food for thought. As I have been saying, consumer is very strong.

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