US Retail sales continue to reach new highs

Consumers spent $447.7 billion in August, a new all-time record high or 0.2% over the prior month which was revised higher to 0.7%. That is why we call consumer's the game changer. What are they buying? Autos in a big way on lower gas prices that truly have convinced consumers that low prices will remain for the near future.

"We think low gas prices are here to stay, but that is another story. Meanwhile, mixed data with New York Empire Manufacturing stayed at low levels seen the month before for an August reading of -14.7", says Voya Global.