US retail sales unexpectedly rise 0.7% in August vs. expected decline of 0.8%

Ka Boom

L . O . L . everyone got stop out and then a moment later it reverse

edit: now awaiting those "transitionary" tweets

The whole week have been strange !! Best data but unstable Impact !

Really unexpected

Yeah, I thought sales, etc would be a miss. Apparently people moved online.
So, I wonder what the fed will say. Surely, this is hawkish for taper now? All strong data this week, pointing towards "recovery."

I’ll admit I didn’t expect. But now, with hindsight.

Those employed are seeing wages rise. On average. My own is up $100/wk since this year based on COLA So while I should be flat based on inflation. My rent is still the same. Car payment. Etc. so my nominal buying power for sure is up and I am spending like it is. I’m the guy who fills a shopping cart online and then NOT checkout. Fill it up a month later and do the same. Now, I’m buying that book I wanted. Brand new not on ebay used either. I’m buying more pizzas etc. it didn’t take much for me to want to spend another $50 a week without regret.

We will see the unemployment benefit slump the sales I’m sure in next month or 2. But should stabilize. I don’t see wages going back down. There’s a complete attitude shift in the workforce. Yea there’s some baby’s who don’t want to work. But there’s people who work their butts off for $5k over the poverty line who are fed up.

they got us in the first half, not gonna lie

Core retail sales defined as " Change in the total value of sales at the retail level, excluding automobiles"
Therefore if cost of goods purchased has risen it will get reflected in Total Value as a positive.
Peoples shopping cart weighs less at checkout but the ka-ching part is larger.

Just go and try and do a small project. The Mind says this will only cost $150.00 but the checkout cost when all is said and done is up 40% from last year.

Getting all excited about a nominal number hardly reflects reality. Much supply shock re-balancing is yet to hit consumer wallets.
Watching consumer debt levels is more important as that will reflect ability of consumer to continue spending.

sales up in summer holidays is not a surprise

Fudged up data