After some worry about Best Buy, retail sales saved the day, with a big 1.2% gain ex-autos.
That’s well above expectations. With autos, the 0.8% headline number is also above expectations.
The full release can be found here.
Original post: The ugly numbers from Best Buy just raised the stakes for the 8:30 retail sales report, which was always going to be a big deal.
Analysts are looking for core retail sales growth of about 0.6% for November. The number will give us a huge read into what spending is looking like for Q4.
There’s reason to suspect Best Buy was a one-off. Competition from Wal-Mart and Amazon are clipping away at the company’s market share. Bulls can hope, anyway.
S&P futures have come way off since the news.
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