U.S. store sales showed modest gains last week. Stores received a boost from back-to-school shoppers with many school years starting earlier in the South this year, and unseasonably cool weather also encouraged spending. However, discount stores continued to struggle.
The ICSC-Goldman store sales index is now up 2.4% from a year ago (4 week MA), unchanged from the week prior.
The Redbook store sales index is now up 3.4% year over year (4 week MA), also unchanged from the week prior.
For much of the past decade, Crispin Odey has been waiting for inflation to rear its ugly head. The fund manager has been positioned to take advantage of rising prices in his flagship hedge fund, the Odey European Fund, and has been trying to warn his investors about the risks of inflation through his annual Read More