Monday, December 5, 2022
HomeStockThrilling Thursday – Up and Up We Go!

Thrilling Thursday – Up and Up We Go!

Retail Gross sales are Up 10%.

Isn't that thrilling?  9.8% truly however shut sufficient.  In a typical month, Retail Gross sales common $550Bn so up 10% is $55Bn and we solely needed to distribute $300Bn value of Stimulus Checks to get it (to not point out March has 10% extra days than February, however who's counting?).  Aren't economics enjoyable?  You possibly can manipulate the info to get any end result you need should you plan forward!  

It's my job to chop by all of the BS and let you know  what is admittedly occurring.  It’s important to look behind the info, like the value of gasoline rising 10% in February and Gasoline Gross sales contributed $10Bn (20%) of the $50Bn bump.  Restaurant Gross sales have been up 13.4% as eating places re-opened and outfitters jumped 18.3% as folks went to malls for the primary time in a 12 months.  

That is, typically, excellent news however to get all excited a couple of report that, in impact, exhibits that 20% of the stimulus checks have been spent by the individuals who acquired them – shouldn’t be actually a stable premise for forecasting future progress.  Nonetheless, the Dow is making new highs and the S&P is close to them because it's an excellent headline to start out the day with within the markets.







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