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Must Be The Weather?

By Tyler Durden
Created 09/04/2015 - 10:56
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 09/04/2015 10:56 -0500



 

Low oil prices? Low interest rates? Jobs galore? Wages pressures? Time for a rate hike? Then explain this...

Welcome to the 'recovery'

[3]

h/t @Not_Jim_Cramer

And by way of the most recent example - the once-was-a-bellwether... GAP:

  • *GAP: BANANA REPUBLIC AUGUST COMP SALES DOWN 11%, EST. DOWN 2.2%
  • *GAP INC. AUGUST COMP SALES DOWN DOWN 2%, EST. DOWN 0.4%
  • *GAP BRAND AUGUST COMP SALES DOWN 8%, EST. DOWN 4.4%

Apparently this is due to Labor Day's timing... not the weather.

 

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Source URL: http://www.zerohedge.com/news/2015-09-04/must-be-weather

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