Silver as an investment

Retail Sales Drop For 2nd Straight Month

Following a disappointing drop in January, expectations were for a 0.3% rise in retail sales in Feb but BofA was far less sanguine, warning that sales could miss because tax benefits only went to people who had withholdings reduced, not those who actually got a refund as they were delayed.

And BofA was right, Retail Sales dropped 0.1% MoM (with Jan revised up to -0.1%), falling for the second straight month for the first time since October 2015.

Retail Sales disappointed across the board with Ex-Auto , Ex-Auto & Gas, and Control Group all missing expectations.

This retail sales print is the lowest analyst expectation…

Under the hood… Energy and Food costs fell most as Transportation jumped…