The following US economic statistics were announced today:

The NFIB Small Business Optimism Index dropped more than a point to 92.8, which is generally regarded as a recessionary reading.

In weekly retail sales, Redbook reports a year-on-year sales growth rate of a below trend 1.6% in the latest week. ICSC-Goldman reports slightly better sales, with weekly sales growth at 0.2%, and year-over-year growth at 2.8%.

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Dale Franks
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