The retail sales are a sign of the health of the US economy because they are driven by a growing job market (monthly more than 200.000 new US jobs have been created this year) and climbing stocks & home prices (wealth effect). The now dropping gas prices are generating additional tailwinds.
I reckon that climbing consumer spending in the coming months will drive the whole economy higher which should translate into further rising company earnings & profits. Thus the rally on the stock market should continue in spite of all the skeptical comments in the media.
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