BAML Notes Top Ten Economic Issues From Last Week With Consumer FlairMark Melin
Last week provided investors a bumper-crop of volatility, as the stock market continued is perciptious slide, down 83.34 points on the S&P 500 index. Bank of America Merrill Lynch looks back on the week and notes a significant economic top-ten list.
Primary theme in BAML top ten is the consumer
The primary themes from last week revolved around the consumer and unemployment. The first and second economic theme from the report noted that retail sales had fallen 0.3% month-over-month “disappointing expectations” as November was revised lower. The consumer remains confused and cautious . . .
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