THE RETAIL SALES CRASH: Why Every Single Forecast Was Dead Wrong!

The U.S. government released July Retail Sales data showing a 0.6% contraction—the steepest monthly spending drop in over a year—missing every single economist forecast on Wall Street. In today's Wall Street Truthbomb, Chief Investment Officer Mark Malek reveals the hidden cracks in the consumer economy right as the stock market trades at all-time highs.Mark breaks down the shadow data across the Census Bureau's report, revealing a 2.2% plunge in online shopping, a 1.8% drop in motor vehicle sales, and a 0.4% decline in the core control group that feeds directly into GDP math. Discover why the post-tax-refund spending buffer has run dry, why headline stock indexes are masking Main Street fatigue, and what a contracting consumer means for corporate revenues heading into the fall.Subscribe: https://www.youtube.com/@wstruthbombs?sub_confirmation=1Substack: https://substack.com/@wstruthbombsX: https://x.com/WSTruthBombsPatreon: https://www.patreon.com/wstruthbombsBlueSky: https://bsky.app/profile/wstruthbombs.bsky.socialTikTok: https://www.tiktok.com/@wstruthbombsTruthbombs videos are for informational and entertainment purposes only. The views expressed by Mark Malek or guests are their own and do not necessarily reflect those of Siebert Financial. These videos do  not constitute investment advice, an offer to sell, or a solicitation to buy any securities. Past performance is not indicative of future results. Listeners and viewers should consult a qualified financial professional before making any investment decisions.#retailsales  #economy  #consumerspending  #stockmarket  #inflation  #MarkMalek #WallStreetTruthbombs #personalfinance  #gdp  #recessionriskSupport the show