The Market Ticker
Commentary on The Capital Markets- Category [Macro Factors]

Is there anything really in here?

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for October, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $444.5 billion, an increase of 0.3 percent (±0.5%)* from the previous month, and 4.1 percent (±0.9%) above October 2013. Total sales for the August through October 2014 period were up 4.5 percent (±0.7%) from the same period a year ago. The August to September 2014 percent change was unrevised from -0.3% (±0.2%).

Except.... last month was a disaster.

Look at the unadjusted numbers; they are pretty-much back to where they were two months ago.

There are two points to this -- last month was an anomaly and between the two months the economy has pretty-much flat-lined, despite the large decrease in gas prices.

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