When the market finds itself at a turning point, investors watch economic data more closely than ever.
Today, investors are wondering where the new Federal Reserve (the Fed) rate cuts will take both the economy and the stock market—and the latest numbers are sending a strong signal.
The most recent retail sales data report shows the best growth rate since 2023, surprising many who assumed the consumer was weakening.
But this data means very little if you don’t know exactly which industries have driven this growth. A deeper look reveals that this jump is actually due to e-commerce, suggesting that the average American consumer may be in better shape than headlines let on.
