Retail Sales growth for November rose just 0.1% MoM, missing expectations of a 0.3% jump, and saw notable downward revisions to October's surge. The biggest drover of the weakness was sales of motor vehicles tumbled 0.5% MoM in November.
October's 0.8% growth surge was marked down to just 0.6% and November rose just 0.1% MoM...
Leaving YoY growth sliding back into its average for the year - no escape velocity post-Trump...
The biggest driver of the weakness appears to be a slump in Sporting Goods and and Motor Vehicle sales...
With Motor Vehicles biggest drop since March..
Not exactly the Post-Trump euphoria priced into the stock market!