Move along; nothing to see here. Retail sales have been flatter than a pancake the last three months. And this is in a STRONG jobs market?

The US Dollar continues to struggle for a footing as it can’t even reach previous trend lines anymore. The Atlanta FED shifts their call from 5.4 percent GDP to just 1.9 percent as the economic outlook weakens. JP Morgan and Goldman Sachs now see growth cooling. Disappointing retail sales numbers have also pushed sentiments negative for equities. We’ll discuss how the precious metals reacted this last week.