Retail sale up in July showing economy remains strong…
“Retail sales in July increased 6.4 percent from a year ago.”
“Consumer spending is being supported by a tightening labor market, which is steadily pushing up wages. Tax cuts and higher savings are also underpinning consumption.”
I was as little worried, housing sales slowed down in June around here, but picked back up in July, though not to May levels. But we have tons of tourists which is confirmed in the retail sales increase in July. The consumer is 60% of the GDP, I think… So, Christmas is looking good unless too many democrats take power.
The market took off again in July, but we don’t have the govt letting banks make no doc loans for no doc people, so at least it’s built on a lot better credit…