Core Retail Sales Growth Weakest In Almost 3 Years As Trump Animal Spirits Fade

Yesterday’s confidence data showed a retracement in the ‘Trump Bump’ and now, just as BofA had predicted, US Retail Sales disappointed across the board in December. The Control Group rose just 0.2% MoM (missing expectations of a 0.4% rise) but it was Ex-Auto-and-Gas that missed the most (unchanged in December against expectations of a 0.4% surge) that was most worrisome as it appears Americans bought cars and not much else.

This post was published at Zero Hedge on Jan 13, 2017.