Retail sales came in OMG DOWN 0.9%! The clowns at CNBC were screaming like fruitcakes this morning.
So here's your real analysis;
Calculated Risk - retail sales numbers. Quote:
On a monthly basis, retail sales decreased 0.9% from November to December (seasonally adjusted), and sales were up 3.2% from December 2013. Sales in November were revised down from an increase of +0.7% to +0.4%.So yoy still sees growth.
And what about ex-gasoline?
Retail and Food service sales ex-gasoline increased by 5.5% on a YoY basis (3.2% for all retail sales).So quit freaking out like a little fruitcake, Liesman.
US market will probably still tank for a while, cos that's what it seems it wants to do right now.