{"id":24686,"date":"2013-08-13T09:03:47","date_gmt":"2013-08-13T13:03:47","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=24686"},"modified":"2013-08-13T09:03:47","modified_gmt":"2013-08-13T13:03:47","slug":"retail-sales-all-cheer-for-up-12-of-1-not","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2013\/08\/13\/retail-sales-all-cheer-for-up-12-of-1-not\/","title":{"rendered":"Retail Sales: All Cheer for Up 1\/2 of 1% (Not)"},"content":{"rendered":"<p>If this was any other universe and any other planet, the retail sales report would have been looked at as a flop. Sure, the previous period was marked up, but to say that anyone should be happy (at this stage of the cycle) with a sub 1% print is redonckulous.<\/p>\n<p>Looking inside the report, we can see that none of the components <!--more-->really stuck out as an out\/under performer. It was generally an equally lackluster month. Remember, this is on the heels of terrific consumer confidence reports. Auto sales dragged and don&#8217;t be fooled by the headline that shows a better &#8220;ex-autos&#8221; number.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/08\/retail1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" alt=\"retail1\" src=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/08\/retail1.jpg\" width=\"556\" height=\"328\" \/><\/a><\/p>\n<p>Since the peak in mid-2011, retail sales have been in a downtrend. in a downtrend.<\/p>\n<p><a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/08\/retail3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-24687 aligncenter\" alt=\"retail3\" src=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/08\/retail3.jpg\" width=\"553\" height=\"319\" srcset=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/08\/retail3.jpg 553w, https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/08\/retail3-300x173.jpg 300w\" sizes=\"auto, (max-width: 553px) 100vw, 553px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>However, it is interesting to see that home-building and furniture sales dragged. This may simply be a cooling off from the recent strength within those areas.<a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/08\/retail2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-24688 aligncenter\" alt=\"retail2\" src=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/08\/retail2.jpg\" width=\"553\" height=\"345\" srcset=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/08\/retail2.jpg 553w, https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/08\/retail2-300x187.jpg 300w\" sizes=\"auto, (max-width: 553px) 100vw, 553px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If this was any other universe and any other planet, the retail sales report would have been looked at as a flop. Sure, the previous period was marked up, but to say that anyone should be happy (at this stage of the cycle) with a sub 1% print is redonckulous. Looking inside the report, we [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5],"tags":[481],"class_list":["post-24686","post","type-post","status-publish","format-standard","hentry","category-economy","tag-economy","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/24686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=24686"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/24686\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=24686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=24686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=24686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}