We are at a critical juncture in the markets. The latest retail sales report is in, and it could have huge implications for your wealth in the coming months. If you care about protecting and growing your hard-earned money, you need to pay very close attention to what I’m about to share with you. Your financial future may depend on it.
In his latest Market 360 article, my colleague Louis Navellier digs into the details of the June retail sales numbers. On the surface, the headline number of 0% growth looks disappointing. But as Louis points out, when you exclude auto sales, retail spending actually increased a very healthy 0.8% last month, blowing away expectations.
As Louis explains:
Digging further into the details…Spending at restaurants and bars increased 0.3%. Spending on clothing and accessories increased 0.6%. Both clothing and furniture retailer sales increased 0.6%. Electronics and appliance stores rose 0.4%. Nonstore retail sales jumped 1.9%.
Louis Navellier
Friends, this is huge. It shows that the US consumer, the lifeblood of our economy, is much more resilient than the “experts” believed. Just look at this chart from the Census Bureau that Louis shared:
Those are some impressive numbers across key consumer spending categories. And it’s already having a big impact, with the Atlanta Fed raising its Q2 GDP estimate from 2% to 2.5% on the back of this report.
But here’s the most important thing: plunging Treasury yields in the wake of this data is putting immense pressure on Jerome Powell and his pals at the Fed to cut interest rates, and soon. Lower rates will boost spending and investment even further.
As Louis puts it:
The decline in Treasury yields is great news because it puts pressure on the Fed to cut key interest rates. Remember, the Fed follows market rates; it never fights the tape. As Treasury yields decline, the Fed will need to cut key interest rates to catch up with market rates.
Louis Navellier
Mark my words, a Fed rate cut is coming. And when it does, it will light a fire under this market rally. Louis says “The reality is that once the Fed cuts key interest rates, the stock market should broaden out in the following months.”
But you shouldn’t wait until rates are cut to position yourself. You need to be preparing right now. Because in addition to the coming rate cuts, Louis has identified another massive event on the horizon that could rock the markets: the rise of artificial intelligence.
As Louis warns:
When it makes landfall, its impact will be more violent and more severe than any financial crisis we’ve ever seen.
Louis Navellier
The good news is, Louis has found 9 world-class AI and quantum computing stocks he believes will thrive in the coming tsunami. I urge you to click here now to access Louis’ exclusive AI portfolio so you can align your money with the companies that will come out on top.
The writing is on the wall, my friends. The Fed is about to step on the gas, and a transformational AI revolution is coming that will reshape the global economy. The latest retail sales data confirms it. Now is the time to get positioned to protect and grow your wealth.
Don’t get left behind. Click here to access Louis Navellier’s top 9 AI stock picks now, before the next leg up. Your future self will thank you.