Retail Sales & False Confidence
(11/16/22) [NOTE: This segment recorded before Retail Sales figures for October was reported at +1.3%, vs the anticipated 1.2%% increase] Markets were waiting for October's Retail Sales report, expected to be strongly influenced by data from California, which is a large consumer-state. Cali Gov. Gavin Newsom last month issued more stimulus checks to offset inflation and higher fuel prices. The artificially spurred spending is expected to have spiked sales numbers. Stronger retail sales will likely give the Fed a false confidence that all is well in the economy, and continued rate hikes are okay, which bodes poorly for Wall Street. Increasing layoffs and port closings portend a weakening economy, but that weakness could be masked by stronger sales numbers. Markets have enjoyed a nice rally, but are now beginning to show signs of exhaustion as markets continue to close positive, but with lower highs.
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
--------
Get more info & commentary:
https://realinvestmentadvice.com/insights/real-investment-daily/
-------
Watch the video version of this report by subscribing to our YouTube channel:
https://www.youtube.com/watch?v=ChJSu_oNPTw&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1
-------
Visit our Site: www.realinvestmentadvice.com
Contact Us: 1-855-RIA-PLAN
--------
Subscribe to RIA Pro:
https://riapro.net/home
--------
Connect with us on social:
https://twitter.com/RealInvAdvice
https://twitter.com/LanceRoberts
https://www.facebook.com/RealInvestmentAdvice/
https://www.linkedin.com/in/realinvestmentadvice/
-
3:01
Lance Roberts' Three Minutes on Markets & Money
1 year ago $0.01 earnedSetting the Stage for Santa
27 -
LIVE
Revenge of the Cis
2 hours agoEpisode 1356: Not Welcome
3,383 watching -
8:18
Evenout
2 days ago $0.04 earnedStealing a Car During a Test drive, Then Appearing Without the Car Twin Prank!
12K4 -
LIVE
EXPBLESS
4 hours agoMore Insane *LIVE* GTA 5 Action Lets Gooo!! | #RumbleTakeOver
310 watching -
19:23
SLS - Street League Skateboarding
3 days agoBest of Rayssa Leal | Street League
2.04K -
4:18:56
SNEAKO
7 hours agoSITE SEEING GREECE WITH BLACKBERRY
83.5K43 -
1:00:32
In The Litter Box w/ Jewels & Catturd
18 hours agoBig Tech Interferes In Elections - AGAIN | In the Litter Box w/ Jewels & Catturd – Ep. 614 – 7/29/2024
35.2K26 -
LIVE
Akademiks
3 hours agoPolice announce arrests in Foolio M*rder Case.
4,595 watching -
1:18:26
Lee Camp
3 hours agoBREAKING: The Truth Comes Out About Israel & Lebanon! (& much more)
13.7K -
2:04:40
The Quartering
7 hours agoNew Attacks On Trump, Secret Service Texts Leak, JD Vance Blasted, Olympic Backlash & Election Fraud
60K90