US retail sales report later this week could boost the ‘no landing’ case even further

The September retail sales report is due on Thursday at 8.30 am US Eastern time:

This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT.

Snippet from Bank of America’s preview:

• could strengthen the ‘no landing’ narrative, which would be bullish for equities (a “no landing” scenario is where the economy continues to expand even with inflation remaining elevated … but not accelerating)
• the latest jobs report and core inflation data hotter than expected have pointed to this possibility
• BoA expects retail data will come in hotter than expected
• ”‘No landing’ is bullish for stocks, in our view, as long as inflation doesn’t flare up”
• “In a contained inflation environment, the relationship between rates and stocks should be positive”

This article was written by Eamonn Sheridan at www.forexlive.com.