|
|
 |
|
|
I am playing this headline with (XLY XLP) because "Consumer Spending continued to disappoint last week, as self-reported daily spending in stores, restaurants, gas stations, and online averaged $74 -- essentially the same as the prior two weeks, and down 20% from last year's $93-per-day comparable. This marks the fourth straight week in which consumer spending has trailed last year's anemic spending levels by at least 20%. It is even more disappointing, given that last week was a "paycheck week" and included "Super Saturday" -- both of which could have produced a spending surge." |
|
|
|