Retail Sales edged up 0.1%

Apr. Retail Sales: +0.1% vs. +0.4% expected, +1.2% prior (revised).

Ex-auto flat% vs. +0.6% expected, +1.0% prior (revised).

Comments (8)
  • Grant Dossetto
    , contributor
    Comments (200) | Send Message
    The economy is not growing. There will be no 5% GDP print this quarter. It is beyond time to acknowledge that Q1 was not weather related.
    13 May 2014, 08:33 AM Reply Like
  • bbro
    , contributor
    Comments (11240) | Send Message
    Baloney...y-o-y Retail Sales ex gasoline is up recession on the horizon..
    13 May 2014, 08:38 AM Reply Like
  • Grant Dossetto
    , contributor
    Comments (200) | Send Message
    Not if you pull out autos which have been buoyed by easy credit. And before you start talking about substitution, auto sales plateaued in Q4 of last year and has not transferred into general sales which remain at 1 to 2% YoY, very meager.
    13 May 2014, 08:53 AM Reply Like
  • Viator
    , contributor
    Comments (29) | Send Message
    Not to mention rampant auto channel stuffing.


    "A forecast by WardsAuto calls for the U.S. supply of unsold cars to rise to 90 days by the end of the January, compared with 76 at the end of December. Sixty days is usually considered normal."

    13 May 2014, 10:11 AM Reply Like
  • permanent
    , contributor
    Comments (502) | Send Message
    What a disappointment after chain store sales indicated a decent retail number.
    Consumers can´t just print money like the FED.
    13 May 2014, 08:35 AM Reply Like
  • andrewtoney
    , contributor
    Comments (100) | Send Message
    It's snow fault..;unfortunate we are already in mid-May.
    13 May 2014, 09:08 AM Reply Like
  • llkeith
    , contributor
    Comments (13) | Send Message
    The weather had some sort of an effect on the economy back in Q1. I can acknowledge that impact - to an extent.


    Still, GDP for Q1 was at best barely above zero (and might have even ended up being slightly negative). That is a really bad sign, and no amount of "blame it on the weather" rationalization changes that.


    Housing has looked pretty rough as well, with a slowdown in most of the nation's markets becoming more and more obvious. I'm not trying to be negative here. I'm just saying that the numbers don't look that promising to me, and I'm not sure how we're going to turn this around with China slowing down and QE coming to a close.


    Today's retail sales data serves as another nail in the coffin of the "bad weather narrative." This doesn't seem like a robust recovery that justifies the stock prices we're seeing right now. Still, the markets might just keep climbing higher and higher regardless of the economy.


    Call options on the SPY, anyone? How can you lose?
    13 May 2014, 09:37 AM Reply Like
  • TOMMYBOY2020
    , contributor
    Comments (6) | Send Message
    bad data is good news up is down right is left if we were all driving on a freeway
    everybody would be in reverse in the oposit lane
    13 May 2014, 10:00 AM Reply Like
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