Retail Sales Up!

Wonder why stocks are doing so well? It’s pretty simple: retail sales are already back to growing year over year.

All together, sales were up 1% in June compared to last June. If you remove food services, they are up 5%!

Of course, this leads to 1 question and 1 observation:

1. Will this continue when potentially a lot of government stimulus ends in July?
2. This is why I am concerned about inflation… imagine spending if we were to really reopen!