The months ago, when looking at the latest BofA real-time card spending data, we predicted - correctly - that retail sales would be a big "beat" to consensus estimates...
Real-time card spending data suggests retail sales will be a big beat pic.twitter.com/lHpRuyu9Ja
— zerohedge (@zerohedge) January 17, 2024
... and that's precisely what happened when the December Retail sales printed, it ended up being the biggest monthly jump since September and lifted the YoY change to +5.6% - its hottest since Jan 2023.
