Following August's slump (worst since Jan '16), September's retail sales data was expected to surge 1.7% MoM (thanks in large part to the spike in auto sales) but it disappointed with a 1.6% spike (still the most since March 2015).
U.S. retail sales jumped last month by the most in more than two years as motor vehicles lost to hurricanes were quickly replaced and higher prices lifted receipts at gasoline stations, Commerce Department figures showed Friday.
PhD - Millionaire - Warns - Americans - Out
PhD Millionaire Warns Americans: “Get Out Of Cash”
Something strange is going on in the financial system. And according to The Wall Street Journal, it’s causing some investors to move massive amounts of money out of the banking system.
Drivers - Surge - Gas - Prices - Gain
The main drivers (as expected) were a surge in gas prices (biggest gain in 4 years) and auto sales (biggest since March 2015).
8 of 13 major retail categories showed a gain.
Bloomberg - Reports - Vehicle
As Bloomberg reports, vehicle...
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