Strong Consumer Confidence and July Retail Sales Signal a Healthy Consumer
- Contrary to economist consensus that predicted a weakening consumer, occam correctly forecasted continued consumer strength. Key occam wins:
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- August Consumer Sentiment: occam correctly predicted that the University of Michigan’s consumer sentiment index would surpass economist expectations for August.
- July Retail Sales: occam’s view was validated when Census Bureau data reported higher-than-expected consumer spending, with retail sales for July exceeding consensus forecasts.
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