​Retail Sales ‘Reality Check’: This Was The Biggest Positive September Seasonal-Adjustment Ever! – Tyler Durden

Retail Sales ‘Reality Check’: This Was The Biggest Positive September Seasonal-Adjustment Ever! As we warned in our preview last night, the almost omniscient folk at BofA warned, ‘brace’ for a blowout retail sales print this morning, forecasting a huge 0.8% MoM rise in spending (well above the 0.2% consensus) all due to seasonal adjustments. BofA was mostly right with all the retail sales cohorts coming in hot – headline +0.4% (+0.3% exp), ex-autos +0.5% MoM (+0.1% exp), and most notably the control group (which flows into the GDP calc) +0.7% MoM (+0.3% exp). Headline retail sales MoM beat was not…  — Continue at ZeroHedge News : Read More