Retail Sales Are Telling a Tale of Strength

In what was basically a flat week for the S&P, the market was still able to tell us quite a bit about investor demand for stocks. The big news for the week was the Trump press conference, which is still under debate by the media and various political and financial pundits. Here on Real Money, the opinion that we care about most is the market's, and the market has shown us that investors are trusting in Trump. After initially selling off after the presser, stocks staged an impressive rebound from the lows of the week on Thursday and then closed higher on Friday after a solid retail sales report.

Friday's retail sales report showed continued strength for December, with overall growth of 0.6% from last month and 4.1% growth year over year. The online sales subcomponent of the report, which has become the most important government supplied economic metric for retail sales given the dominance of online sales, showed significant strength. Online sales were up 1.3% for the month and 13.2% from last December....357 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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