While headline retail sales missed expectations with a 0.4% MoM rise, control group sales rose 0.7% MoM, signaling robust economic activity.
The positive spending momentum from a strong holiday season suggests continued economic growth, reinforcing the narrative of 'US exceptionalism'.
Despite strong corporate earnings growth driven by solid retail sales, stocks will face challenges from the removal of the 'Fed put' and fiscal uncertainties.
Economic conditions were calm post-CPI data release, showing that the market seems to be adjusting to a new economic landscape.
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