Retail Results

October retail is for the sixth month in a row, but just barely.

Retail sales up a seasonally adjusted 0.3% MoM v.0.5% expectations, and short the 1.6% gain in September.

The losers include grocery-store sales (down 0.4%), bar and restaurant receipts (down 0.1%), and both sporting goods and clothing sales (down 4.2%).

MoM winners include non-store retailers averaging 3.1%.

Yawn.

https://www.wsj.com/articles/us-economy-october-retail-sales-coronavirus-recovery-11605561529?mod=hp_lead_pos1

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