Brace For A Jarring Miss In January Retail Sales

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by Tyler Durden
Thursday, Feb 15, 2024 - 11:35 AM

One month ago, when looking at the latest BofA real-time card spending data, we predicted - correctly - that retail sales would be a big "beat" to consensus estimates...

... and that's precisely what happened when the December Retail sales printed, it ended up being the biggest monthly jump since September and lifted the YoY change to +5.6% - its hottest since Jan 2023.