Kenny Polcari on July Retail Sales Tumble: It’s a Temporary Situation, It Will Do Fine After We Get Through the Earnings Season

RUSH EXCERPT:
POLCARI: "Right think that retailer, the consumer is getting a little bit cautious. We know it’s been a little bit difficult inflation is running wages are not keeping up piercing a little bit of pressure from retailers that does not mean it’s blowing up the whole story the market is getting new highs S&P training is now 7000 range which is an all-time high broadly the market feels okay but I am not surprised and I would not be that concerned yet over how the retail string based on what the consumer feels. Think it’s a temporary situation at that retail will do fine after we get through this earnings season and into the fall."