Retail Misses

Biggest drop and miss in 12 months, according to ZeroHedge. June retail sales came in at .4% with expectations of .8% and down from a revised .5%. However, the only growth in the headline number was thanks to auto and gas sales. Ex autos retail sales were unchanged on expectations of a 0.5% increase, while ex autos and gas the print was down -0.1%, crushing hopes of a +0.4% increase.

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