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Retail Sales Miss, Front-Loaded Consumers

US OUTLOOK/OPINION

Peter Tchir, Academy Securities macro strategist's take on today's weaker retail sales (+0.3% vs. +0.8% est) and "front-loaded" consumers.

  • Tchir posits supply-chain related headlines and goods shortages "pulled" sales forward early on.
  • Today's weaker retail sales "as inventories build (companies responded to the perceived demand that isn't materializing) .. is an issue that should weigh on markets, and would be another reason I think a hawkish Fed would be mistake."

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