FYI: When it comes to the July Retail Sales report, it has historically been one of the better ones relative to expectations. This year was no exception as we saw a strong beat relative to expectations not only on the top line but also when you strip out the impact of Autos and Gas. While July’s data was strong, though, it comes off a lower base as June’s originally reported strong numbers were all revised lower. After taking both the downside revision and July’s strength into account, it ends up being slightly more positive than a wash.
Regards,
Ted
https://www.bespokepremium.com/big-tips/b-i-g-tips-bricks-and-mortar-not-going-down-without-a-fight/
