Today's Retail Sales Data Was Delayed, And Good Thing: It Was Very Ugly

As a result of the ongoing government shutdown, which some speculate could last until Thanksgiving, today's PPI and Retail sales data was postponed indefinitely, but thanks to Bank of America's credit card data which has had a nearly flawless hit rate of predicting the actual retal sales data from the Bureau of Economic Analysis, we know what the retail sales data would have been.