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10.02.26 - 14:51
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US Retail Sales Disappoint In December As Small Business Optimism Dips (ZeroHedge)
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US Retail Sales Disappoint In December As Small Business Optimism Dips
Today's Retail Sales data is for December and so should be 'clean' from the perspective of the January storms which dramatically reduced consumers ability to spend year-to-date, as illustrated by BofA's 'rest of US' spending indicator...
After a big bounce in November, expectations were for a decent 0.4% MoM rise in retail sales to end the year (despite the plunge in consumer confidence signaled by UMich), but the actual print was a big disappointment with headline retail sales unchanged MoM in December. That is the weakest YoY retail sales growth since Sept 2024...
Source: Bloomberg
Motor Vehicle and Clothing sales tumbled the most while spending on Building Materials and Food & Beverage rose the most...
Core Retail sales was also unchanged MoM (a big miss from ther +0.4% MoM exp)...
Worse still the 'Control Group' which plugs into the GDP calculation, fell 0.1% MoM (far worse than the 0.4% MoM expected).
Of cours...
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27.01.26 - 15:06
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Futures Rise Ahead Of Tech Earnings As Gold, Silver Resume Surge (ZeroHedge)
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Futures Rise Ahead Of Tech Earnings As Gold, Silver Resume Surge
US futures are higher, led by Tech, and approaching record levels from earlier this month as geopolitical and headline risk subsides while the market focuses on looming Mag 7 earnings and Wednesday's Fed decision is expected to be a non-event. Equities are poised for another attempt at 7k. As of 8:00am ET, S&P futures are up 0.2% and set for a fifth day of gains; Nasdaq futures lead gains, up 0.6% with all Mag7 members higher while Healthcare stocks hammered on headlines related to Medicare pricing. Micron jumped 5% in premarket trading on plans to expand its memory-chip capacity. Big tech has started to wake up, with Apple having its best day in three months yesterday and Meta also strong. Both are due to report later this week. So far, the earnings season has been good but not great, according to strategists at BofA. The dollar hit the lowest level since March 2022, while the yen fluctuated as jitters over intervention ...
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