Fickle Financial Headlines Brighten

Retail sales, which drive 70% of U.S. economic growth, rose four-tenths of 1% in August, the U.S. Census Bureau said on Friday morning.

Suddenly headlines changed, growing less grim than they've been lately.

Friday's retail report quelled growing worries reflected in recent headlines in the financial press about the inversion of the yield curve, the 11-month plunge in manufacturing sector activity, the trade-war with China, and a global economic slowdown hurting the U.S. economy.

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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