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Fickle Financial Headlines Brighten

Retail sales, which drive 70% of U.S. economic growth, rose four-tenths of 1% in August, the U.S. Census Bureau said on Friday morning.

Suddenly headlines changed, growing less grim than they've been lately.

Friday's retail report quelled growing worries reflected in recent headlines in the financial press about the inversion of the yield curve, the 11-month plunge in manufacturing sector activity, the trade-war with China, and a global economic slowdown hurting the U.S. economy.

Friday's report of an increase of 0.4% in total retail sales in August over July was driven by a jump in auto sales.

Total retail sales in August were 4.1% higher than in August 2018. For the three-month period from June through August 2019, retail sales were up 3.7% from the same period a year ago.

The Standard & Poor's 500 dropped fractionally on Friday but was up slightly from last week, closing less than 1% off its all-time record high, set in July.


This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial or tax advice without consulting a professional about your personal situation. Tax laws are subject to change. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. No one can predict the future of the stock market or any investment, and past performance is never a guarantee of your future results.


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Index
Good Economic News Again
An Unusual Constellation Of Economic Surprises
Longest U.S. Expansion Keeps Rolling
Retirement Income Reality Check
Find The Major Economic Trend Hidden In This Picture
Is The New Record High In Stocks Irrational?
Stocks Break New Record; Economic Outlook Clears
Despite Frights, Can The Expansion Continue?
Retail Sales Coverage Reflected The Narrow View Of The Media
Small-Business Optimism Declines But Remains High
Analysis Of New Employment, Manufacturing & Service Economy Data
Quarter Ends Well Despite Trade War, Inverted Yield Curve & Political Crisis
No Recession But A Slower Pace Of Growth
Economy Gets Bad Press Again
Europe's Growth Problem And Your Portfolio

This article was written by a professional financial journalist for Centricity Wealth Management and is not intended as legal or investment advice.

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Centricity Wealth Management, LLC is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Centricity Wealth Management, LLC and its representatives are properly licensed or exempt from licensure. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Centricity Wealth Management, LLC unless a client service agreement is in place.