Gotta be the weather? In addition to January's soft retail sales print (-0.4% vs. consensus -0.1%, ex-autos flat vs. consensus +0.1%), December's 0.2% gain is revised to a loss of 0.1%, with Dec. ex-auto's 0.7% gain revised to just +0.3%.
A longer-term chart shows the Y/Y gain in sales just ticking below the range it's been in for the past couple of years.
Stock index futures slip a bit more, the S&P 500 (SPY) -0.7%.
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