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Early Morning with Dave
Consumer Back in Focus with Today’s Retail Sales Report

Consumer Back in Focus with Today’s Retail Sales Report

The “consumer resiliency” theme will once again be tested

David Rosenberg's avatar
David Rosenberg
Oct 17, 2023
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Early Morning with Dave
Early Morning with Dave
Consumer Back in Focus with Today’s Retail Sales Report
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Highlights

  • The “consumer resiliency” theme will once again be tested by today’s retail sales report 

  • Part of the story in the bond bear markets is constraints on banks’ ability to provide liquidity 

  • Bond markets like the direction of travel in U.K. wages 

  • Shelter has been responsible for 70% of U.S. core inflation this year — and it is set to fall 

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