Retail Sales Show First Crack In Consumer Spending

AAA National Average gas price is $3.66 per gallon. Scott Bauer discusses this, as well as retail sales for March 2023, released today, April 14th. He notes that core retail sales month over month came in at -0.8% versus an estimated -0.3%. He then goes over how gold (/GC) is higher as the U.S dollar (/DX) weakens. He also previews the next FOMC meeting which is scheduled from May 2-3. He talks about how today we are seeing slowing in terms of data and how the consumer has been the strength of the economy up until now. The retail sales suggest that maybe consumers are shifting their patterns of spending to less discretionary and more on the staples. Tune in to find out more about the stock market today.