"U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady recovery," according to the Associated Press.
The graph above shows retail sales over the past year and a half and how they've been increasing since April of 2020.
Investment Advisor Mark Grywacheski says Wall Street was only expecting a 5.2% increase in sales for June, so why are experts still worried about the economy? Grywacheski got into that Monday, July 20th. Your Money with Mark airs between 5 and 5:30 a.m. only on Good Morning Quad Cities.