FYI: When U.S. retail sales came in lower than expected last week, some began to worry that the average consumer wasn't as strong financially as previously believed, but according to analysts at Macquarie Capital Markets Ltd., this is just a blip on the radar.
While there are a number of reasons for consumers to be more cautious with political uncertainty across the globe and unrest overseas, Macquarie's David Doyle says that the underlying trend shows people are getting jobs, earning more money, and then spending some of those funds.
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-08-15/why-the-most-important-driver-of-the-u-s-recovery-is-still-intact
