Why Gasoline Surge Barely Registered at Retailers

At last, nearly two months after the war in Iran began and oil prices spiked, we can test one of the biggest economic claims: that spiking gas prices will knock consumers, imperiling this economic expansion (and stocks’ bull market). March’s US retail sales are in the books! And they show … surging retail spending beyond the gas station. It is one data point and backward-looking, but to us it shows why stocks are moving on quickly. Read Full Article »