023: Retail Sales 07-19-23

Markets with Megan: A Quick Financial Markets Update · Jul 19, 2023 · 1m · transcript

Have you ever contemplated the resilience of consumer spending in a slowing economy? Prepare to be enlightened as we explore this conundrum with Megan Horneman, our Chief Investment Officer. Megan takes us on a journey through the latest retail sales report for June, illuminating the surprising strength of consumer spending, particularly in discretionary items like furniture and electronics. She further sheds light on the significant increase in internet shopping during this period.

However, this journey isn't just about the sunny side. Megan issues caution, reminding us that one month's data…