US Retail Sales Stall in December

• US retail sales stalled in December, indicating consumer caution and a 'noisy' economic picture.
• The economy is at a 'crossroads', with a K-shaped recovery and underlying labor market weakness, raising questions about sustained growth.
• Fiscal policy impacts are expected in Q1/Q2, but consumer anxiety and a potentially overreactive market to jobs data pose risks.

Kristina Campmany of Invesco discusses the unexpected stall in US retail sales, highlighting a 'crossroads' moment for the economy. She points to noisy data, a bifurcated consumer, and underlying weakness in the labor market as key concerns, questioning the sustainability of growth without job creation and suggesting a potential overreaction by the market to upcoming jobs data.