Name: Retail Sales & Yellen: I Don't Expect A Recession
Uploaded: 2023-07-18T20:14:26.933
Duration: 7 min

Kick off the trading day with Oliver Renick as he ties big macro concepts together with stock-specific analysis and trading strategies. This program cuts through the noise and political bias, while helping viewers understand the economy's relationship with markets through numbers, logic and in-depth interviews with fund managers, ETF providers and options traders.&nbsp;

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Month-over-month may be down, but the consumer is still really strong, notes Scott Bauer. He discusses retail sales for June 2023. He then goes over Treasury Secretary Yellen's commentary in focus. Yellen mentions that the U.S. economy is on a "good path" to reducing inflation, intensity of hiring demands "has subsided," and she doesn't "expect a recession." Scott also goes over how Goldman Sachs cut its 12-month recession probability down to 20% from 25%. Tune in to find out more about the stock market today.