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| Photography http://silverdaddies.fun/ silverdaddies.com At the same time, it is perhaps notable that businesses which were more interest rate sensitive were the ones with slight pullbacks in July. This included reduced sales in autos, home improvement, home furnishings, and electronics. One should not over-read this, as year-over-year sales growth in these businesses has mostly been stellar. But, with increased interest rates, we should probably not be surprised to see some modest signs of easing, particularly in the residential sector. We will get a better sense of this on Friday with the release of new housing starts data. |
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Dewayne |
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2019-06-05 23:09:14 |
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