Posted by DigiNomad on 15th of May 2024 at 08:50 am
Wow, retail sales not good again. I don't think this really
affects the AI overlord trade so much. They're in full-on battle
mode and likely will be for I'd say a couple years at least. Most
of them get their revenues from businesses and especially the
government, so they're not as sensitive to this number.
This supports what I was saying yesterday about demand not
necessarily being the reason for some of the commodity rallies
we're seeing (Gold yes, Copper no)
Wow, retail sales not good
USA Retail Sales (MoM) For April 0.0% Vs 0.4% Est.; ...
Posted by DigiNomad on 15th of May 2024 at 08:50 am
Wow, retail sales not good again. I don't think this really affects the AI overlord trade so much. They're in full-on battle mode and likely will be for I'd say a couple years at least. Most of them get their revenues from businesses and especially the government, so they're not as sensitive to this number.
This supports what I was saying yesterday about demand not necessarily being the reason for some of the commodity rallies we're seeing (Gold yes, Copper no)
Bullish ... like higher
Posted by mla127 on 15th of May 2024 at 09:23 am
Bullish ... like higher or lower CPI ... lol ...