Brace For Red-Hot Retail Sales: Just What Powell Does Not Want To See

Maybe it's the result of the recent near-record surge in credit card debt, or maybe it's just because stocks have caught a bid rising and Americans are looking at their rising 401k balances and feeling wealthier (even though the prices in their local food store are rising even faster), but whatever the reason, after several months of disappointment which resulted in 3 consecutive retail sales misses...

... tomorrow the Census Bureau will report retail sales which are substantially stronger than expectations.