The reaction to inflation is increasingly bifurcated by a growing income gap, says Katie Thomas. She and Ted Rossman discuss the takeaways from recent retail sales data. Ted notes that the retail sales figures are not adjusted for inflation, and if they were the gains would be much smaller. They also highlight some retail stocks such as Walmart (WMT). They then go over the changing spending patterns of consumers. Tune in to find out more.
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18 Aug 2022
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