Rick Santelli
๐ค SpeakerAppearances Over Time
Podcast Appearances
February numbers for retail sales, expecting a headline number up half a percent, Joe, comes in better than expected, up six-tenths of a percent.
That will be the strongest since June of last year when it was up 1%.
If you look at July of last year,
It was exactly the same up six tenths.
Now, let's strip out autos.
Lose a tenth up five tenths of percent.
And that's better than expectations.
Sequentially higher, as was the headline number up half one percent.
The best since August of last year.
Let's get the bond report.
Rick Santelli has more on how the markets are reacting to all of these cross currents.
Rick, what can you tell us?
People don't spend when they're concerned.