Slowing Sales

The latest retail sales report came in today with another posting that was well below expectations. Additionally and in the same trend that we've seen in other data series, the April report was revised lower. Big shock there!

So let's start with that retail sales data as we begin the day. As you can see below, consensus was +0.3% but it came in at just +0.1%....

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Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 US Election Day
11/5 8:30 ET US trade deficit
11/5 10:00 ET ISM Services PMI
11/6 9:45 ET S&P Services PMI
11/7 8:30 ET Jobless claims
11/7 2:00 ET FOMC Fedlines
11/7 2:30 ET Jerry Powell presser
11/8 10:00 ET November Prelim UMich