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 7/22

7/23 9:45 ET July Flash PMIs
7/23 10:00 ET Existing Home Sales
7/24 10:00 ET New Home Sales
7/25 8:30 ET Q2 GDP first guess
7/25 8:30 ET Durable Goods
7/25 1:30 ET Comex option expiry
7/26 8:30 ET PCE and Core PCE
7/26 8:30 ET Personal Inc and Spend

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