Reply To: Traders Market Weekly: Robots, Dribbler Enthusiasm and Short Squeezes


Total retail sales were flat month-over-month in July ( consensus +0.2%), dragged down by declines in motor vehicle sales (-1.6%), gasoline station sales (-1.8%), and general merchandise sales (-0.7%). Excluding autos, retail sales were up 0.4% ( consensus +0.1%).

The key takeaway from the report is the recognition that consumer spending persisted in July across most discretionary categories, aided presumably by some relief in falling gas prices.
Electronics and appliance store sales increased 0.4% after declining 0.1% in June.
Building material and garden equipment and supplies dealers sales rose 1.5% after declining 0.5% in June.
Nonstore retailers jumped 2.7% after increasing 0.9% in June.

Food services and drinking places sales increased 0.1% after increasing 0.8% in June.
Furniture and home furnishing store sales rose 0.2% after declining 0.4% in June.
Miscellaneous store retailers increased 1.5% after increasing 3.7% in June.

2-yr: +8 bps to 3.32%
3-yr: +7 bps to 3.27%
5-yr: +7 bps to 3.03%
10-yr: +6 bps to 2.88%
30-yr: +3 bps to 3.14%