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September Retail Sales Come In Line With Expectations As Unclothed Americans Buy iPads

Tyler Durden's picture




 

Moments ago hopes that the S&P would hit 1800 on an epic miss in the September retail sales were dashed after both the headline and ex-auto/gas numbers came largely in line. The total Seasonally Adjusted retail sales for September dipped modestly by 0.1%, on expectations of an unchanged print. Excluding autos the number was exactly in line with expectations at 0.4%, while ex autos and gas was also a very modest miss of 0.4% vs Exp. 0.5%. Still, hardly bad enough to send the S&P500 futures into the stratosphere. The biggest outliers by business category were motor vehicles which tumbled -2.2 in September, the biggest decline since October 2012 (did the US government suddenly stop making NINJA loans?), Miscellaneous stores and Clothing stores, down 1.2% and -0.5% respectively, while electronics and appliance stores rose 0.7% in September. In short: Americans may have no clothing as we enter the winter season, but at least they have the new iPad.

So while noted the number was hardly bad enough to send stocks surging, the ES-leading EURJPY pair seems to have found a third-wind bid in an attempt to expand the S&P500 multiple by at least another 0.1-0.2x today: could it be that algos just noticed that unadjusted retail sales tumbled by 9% from August to September.

Retail sales historic trend:

Charting the September retail sales broken down by category:

And by business:

Source: Census

 

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Tue, 10/29/2013 - 08:52 | 4100910 Clint Liquor
Clint Liquor's picture

No clothes? There's an app for that.

Tue, 10/29/2013 - 09:18 | 4100974 Running On Bing...
Running On Bingo Fuel's picture

I did buy some underwear from Walmart in September. Just 2 pair, with employee discount. That's all I could afford.

Over.

(Hanes not Fruit)

Tue, 10/29/2013 - 09:21 | 4100982 Headbanger
Headbanger's picture

I bought a plate carrier vest.  Does that count?

Tue, 10/29/2013 - 09:25 | 4100989 Running On Bing...
Running On Bingo Fuel's picture

Did you buy it in September?

Tue, 10/29/2013 - 09:37 | 4100981 toady
toady's picture

What's up with all the people running around in underware and motorcycle helmets in GTA V? The game starts you with clothes, and there are ample opportunities to obtain clothes, so these people are choosing to look like that!

Tue, 10/29/2013 - 08:56 | 4100916 vxpatel
vxpatel's picture

Those that can afford iPads, can also afford clothes...it's the other group, those that can afford neither that are not represented.

Tue, 10/29/2013 - 09:08 | 4100954 TheMerryPrankster
TheMerryPrankster's picture

no one is represented, the numbers are about obfuscation not information. Hence the I-pad theme, they are as relevant to the economic numbers as the economic numbers are to reality.

its Propaganda, the tool of the state to blind its citizens to further terrorize and manipulate the citizens. Its quite useful for empty their pockets and creatiing draconian laws to further destroy their liberty in the name of faceless enemies that don't exist.

Propaganda is copyright by "the TWO PARTY SYSTEM" which also owns, "Liberty, Freedom and Justice" as well as your balls.

Tue, 10/29/2013 - 09:13 | 4100967 max2205
max2205's picture

This just in....welfare recipient's now get obama phone...obama pads...

Tue, 10/29/2013 - 09:28 | 4100984 Ying-Yang
Ying-Yang's picture

Keep in mind most businesses are running Windows XP and Office which is slated to expire April 8th.

MS will not provide security updates or patches for XP or Office 2003 after this date.

Most US businesses will upgrade to Windows 7 or Windows 8 for their company's workstations. In my biz hundreds of thousands of our users, about 54% are still on XP.

This Spring should be watched for the rollover effects for OS sales and security issues...

No Fooling!

Tue, 10/29/2013 - 11:43 | 4101511 PT
PT's picture

Don't fall for it!  It's a game of chicken.  They can only drop XP if enough people drop XP.  STAND YOUR GROUND EVERYONE!!!  NO WAY DO YOU WANT TO CONVERT TO WINDOWS 8!!!  YOU WILL REGRET IT FOREVER!!!  KEEP YOUR WINDOWS XP.  YOU WILL PAY FOR WINDOWS 8, MORE THAN YOU WISH.  You have been warned.

Tue, 10/29/2013 - 12:26 | 4101707 Ying-Yang
Ying-Yang's picture

The smart money would upgrade to Windows 7 before the copies run out.

We did and it was a breeze. Windows 7 is much like XP.

Tue, 10/29/2013 - 18:12 | 4102948 dreadnaught
dreadnaught's picture

they are not prying Window 7 out of my cold dead hands.(i use it on my Mac, where it runs far smoother than on a PC ffs!)

Tue, 10/29/2013 - 10:17 | 4101005 vxpatel
vxpatel's picture

the mass of america is represeneted, talk to the common man about economic disparity, foreign affairs, the role of spirituality in life...and you will receive a deaf ear, just as with our politicians. it is a representative democracy....and it's populist message resonates with mainstream american, while its agenda is driven by a global elite.

 

the 'needs' of the top 2% are very well represented...and the views of the bottom 60% are also well represented.

Tue, 10/29/2013 - 10:18 | 4101183 vxpatel
vxpatel's picture

current system....full steam ahead!

Tue, 10/29/2013 - 08:57 | 4100919 JP McManus
JP McManus's picture

I thought I saw CNBS pitching COH and ANF yesterday bc of the P/S ratio.  Earnings and growth obviously don't matter if they're not good.

Tue, 10/29/2013 - 08:58 | 4100927 Whoa Dammit
Whoa Dammit's picture

Same old story. Naked. Apple. Now all that's needed is the snake.

Tue, 10/29/2013 - 09:01 | 4100937 TheMerryPrankster
TheMerryPrankster's picture

I Beleive Obama got the Snake Role, but NSA Chief Alexander was called back 4 times to read for the part. It was a close call, but Obama could bring a lot of investors with a lot of money and all Alexander had was alot of Star Trek figurines and pictures of himself in Nazi outfits.

Tue, 10/29/2013 - 09:13 | 4100968 NoDebt
NoDebt's picture

Funny.  We already got the snake, though.  He's in the White House.

Tue, 10/29/2013 - 18:10 | 4102940 dreadnaught
dreadnaught's picture

well you cant eat 'Surfaces' either

Tue, 10/29/2013 - 08:58 | 4100928 TheMerryPrankster
TheMerryPrankster's picture

let them wear I-pads - also try the new I-moron app, also try I-freezinmyballsoff.

Steve Jobs golden turd smelt round the world.

Does make a great albeit expensive door stop though.

Tue, 10/29/2013 - 09:04 | 4100944 buzzsaw99
buzzsaw99's picture

clothes r cheap now

ipads r expensive

 

guess which i am buying

Tue, 10/29/2013 - 09:06 | 4100949 SheepDog-One
SheepDog-One's picture

DAMN! Now there's perhaps less justification to firehose in money to banks so they can buy S&P, because retail was 'in line' somehow....dammit dammit dammit!!

Tue, 10/29/2013 - 09:14 | 4100952 Dr. Engali
Dr. Engali's picture

They don't have any clothes and they don't have any insurance. Next up...no food or fuel. Isn't Murika great?

Tue, 10/29/2013 - 11:16 | 4101418 NIHILIST CIPHER
NIHILIST CIPHER's picture

PLUS ONE DOCTOR .............................. But , We do have flouridated water for AMERIKANS and Dancin with the TARDS. 

Tue, 10/29/2013 - 09:09 | 4100957 SheepDog-One
SheepDog-One's picture

I don't know how anyone figures 'no clothes'....hell for $50 you can practically buy a car load of clothes at China*Mart...big deal.

Tue, 10/29/2013 - 09:11 | 4100958 spanish inquisition
spanish inquisition's picture

The government in a desperate move to buoy retail sales like they did with autos, is announcing the cash for old clothes program before the holiday season.

Tue, 10/29/2013 - 09:11 | 4100960 SheepDog-One
SheepDog-One's picture

Must....Hit....1,800....I no idea why tho....

Well, it looks like more people are just giving up on even paying attention to this clown show.

Tue, 10/29/2013 - 09:11 | 4100961 rastaman_management
Tue, 10/29/2013 - 09:17 | 4100972 monad
monad's picture

Dammit, Janet! Cook those books moar! You're making me look bad!

Tue, 10/29/2013 - 09:18 | 4100977 NDXTrader
NDXTrader's picture

S&P 1950-2000 looking more likely by years end. Guest Post: Every Indicator Is Overbought And No One Gives a Shit

Tue, 10/29/2013 - 09:20 | 4100980 SheepDog-One
SheepDog-One's picture

I don't understand why they don't just open up the S&P at 2,500 this morning, who would care? No one gives a shit....let's just have a 'whatever' market and ramp it up 10% daily what's the difference?

Tue, 10/29/2013 - 09:26 | 4100997 NDXTrader
NDXTrader's picture

Any indication that they might increase QE and you might get your wish. It's starting to feel like '99 - the parabolic phase is coming

Tue, 10/29/2013 - 09:18 | 4100978 Zero Point
Zero Point's picture

Reality:

Clothes last years. The new Ipad comes out every 6 months.

 

Tue, 10/29/2013 - 09:47 | 4101018 Running On Bing...
Running On Bingo Fuel's picture

Not mine bro, but I get my gear from work mostly cuz I get a discount. Problem is like when it rains, the sole of my sneaker just peals right off. Then I have to buy another pair. But usually Walmart has a nice selection, they just smell funny for the first couple weeks. They smell like Chinese drywall but then it rains and the smell goes away a little and the sole of the sneaker stars flopping off. And then I'm like, "oh jeeze not again!".

Over.

Tue, 10/29/2013 - 09:26 | 4100995 eddiebe
eddiebe's picture

Priorities bitchez!

Tue, 10/29/2013 - 09:57 | 4101094 Sutton
Sutton's picture

I went to Walmart and was appalled by the slovenly appearance of its clientele.  Didn't buy anything. 

Tue, 10/29/2013 - 10:19 | 4101189 Reaper
Reaper's picture

Next month, the new Iwear high end clothing line will appear for Holiday shoppers. Walmart will introduce a lower cost line in similar styles for those with EBT cards.

Tue, 10/29/2013 - 12:23 | 4101691 SmittyinLA
SmittyinLA's picture

Yes, but the new Ipad comes with an Obamacare app

Tue, 10/29/2013 - 18:08 | 4102938 dreadnaught
dreadnaught's picture

one for "Surface" too and the Zune? well maybe not

Tue, 10/29/2013 - 18:17 | 4102957 dreadnaught
dreadnaught's picture

Tyler: can you provide a link to your topics assertion?..... lol .i didnt think so.....no link=lies

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