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SHY - Inflation Contributes To Higher October Retail Sales
iShares 1-3 Year Treasury Bond ETF
Wednesday's October retail sales report showed a strong retail sales increase, month over month (MoM) of 1.7% and a year over year (YoY) increase of 16.3%.
Quarterly earnings reports are peaking and inflation is creating a favorable variance to reported earnings for companies.
In short, inflation is distorting the results for some of the economic data as well as corporate earnings reports.