Macro: Retail Sales — Nice Rebound

This was a really good number. It was partially a rebound from October. Non-store retailers were a big area of strength. I do think some holiday sales were pulled forward

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This was a really good number. It was partially a rebound from October. Non-store retailers were a big area of strength. I do think some holiday sales were pulled forward. Regardless, December is an easy comp, so next month’s release should again be fine. Year over year sales grew 4.1%. Consumer strength continues.


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