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THE RETAIL SALES CRASH: Why Every Single Forecast Was Dead Wrong!
The U.S. government released July Retail Sales data showing a 0.6% contraction—the steepest monthly spending drop in over a year—missing every single economist forecast on Wall Street. In today's Wall Street Truthbomb, Chief Investment Officer Mark Malek reveals the hidden cracks in the consumer economy right as the stock market trades at all-time highs.Mark breaks down the shadow data across the Census Bureau's report, revealing a 2.2% plunge in online shopping, a 1.8% drop in motor vehicle sales, and a 0.4% decline in the core control group that feeds directly into GDP math. Discover why…
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