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Here Comes A Blockbuster Retail Sales Report: BofA Card Data Shows Surge In Spending

Mac Slavo
February 12th, 2021
SHTFplan.com
Comments (21)

This article was originally published by Tyler Durden at ZeroHedge. 

Earlier today we reported that at least when it comes to spending at restaurants, the stimulus effect was wearing off. But while that may have been true in January, in February things appear to be picking up.

According to the latest data based on aggregated BAC credit and debit card data, spending jumped by a brisk 9.7% Y/Y for the 7 days ending Feb 6th, which means that since the beginning of the year, total card spending is running at an average of 5.6% Y/Y pace, up notably from the Dec average of 2.5% yoy as a new round of stimulus checks is being spent.

A look at spending by geography, there was a particularly large gain in card spending in California with total card spending of 9.5% yoy for the 7-days ending Feb 6th, up from -1.1% yoy the week prior.

 

The gain was driven in part by brick &mortar (B&M) retail and restaurant spending, which likely reflect the easing of COVID-related restrictions in the state.

While spending in California jumped, the Northeast was hit by a major snowstorm on Feb 1st, resulting in a noticeable pullback in spending in NY, NJ, and PA – total card spending contracted yoy on Feb 1st when the rest of the country saw little change in trend.

There was also meaningful strength in apparel and furniture spending in CA. As a result of the strength in CA, card spending in all of the major 20 MSAs is now positive yoy

Additionally, there was a meaningful improvement in higher-income spending, which could reflect greater engagement in leisure spending.

Looking at the components, retail sales ex-autos increased 4.6% mom SA, offsetting the last three months of declines on a mom basis. The gain was driven by discretionary spending – department stores, furniture, and clothing – which we found to be supported by stimulus payments. On the other side, there was a meaningful drop in card spending on airlines, showing a weakening in airline bookings following the holidays.

An interesting, if expected, divergence emerges when looking at restaurant spending in states with and without dining restrictions.

BofA also looked at data on returns, where it observed normal trends with the exception of furniture and building materials which were elevated, potentially reflecting a shift toward online shopping and flexible return policies amid a strong housing market

Finally, looking at the monthly average, BofA finds that retail sales ex-autos increased an impressive 4.6% M/M seasonally adjusted for January, setting up for what the bank expects will be a blockbuster Retail Sales report next week on February 17th.

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    Author: Mac Slavo
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    Date: February 12th, 2021
    Website: www.SHTFplan.com

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    21 Comments...

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    1. Andrea.Iravani. says:

      When will they confess that they do not know what capitalism means? I am talking about the DoD junkies guilty of fraud and hogging? Stop lying! Admit that it is a a club of InraTard MICIMATT frauds that pretend capitalists and mentally competent, respectable people when they are nothing of the sort? That they are so fucking retarded that they have to spy on people just to do their jobs, and that they are lazy perverted hogs that do not even bother to pretend that they work anymore? Their lifestyles are sick and disgusting crimes against humanity! How long is this going to last for?! How long will spy devices be in everything for?! How long do we have to keep the criminals in the surveillance state on life support for?! They are the national security threat! They fool nobody! Hate to shatter your illusions but spying is not a skill and does not require any intelligence! If you had any intelligence you would not need to spy on anyone, obviously! You spy on people because you are retarded, thieves, perverted sex offenders, murderers, or a combination of those! The evidence proves it MICIMATT InfraTard low IQ losers club! You can’t be a part of it unless you are willing to keep that secret apparently. Who in the hell would want to be a part of it?! Not me! Exposing you for the scum that you are MICIMATT InfraTards! ( aka InfraGard the spelling of it is the clue! The FBI knows that you are retarded! Just ask the QAnon supporters in it that they baited and framed! )

      Andrea Iravani

    2. Andrea.Iravani. says:

      When will they confess that they do not know what capitalism means? I am talking about the DoD junkies guilty of fraud and hogging? Stop lying! Admit that it is a a club of InraTard MICIMATT frauds and pretend that they are capitalists and mentally competent, respectable people when they are nothing of the sort? That they are so fucking retarded that they have to spy on people just to do their jobs, and that they are lazy perverted hogs that do not even bother to even pretend that they work anymore? Their lifestyles are sick and disgusting crimes against humanity! How long is this going to last for?! How long will spy devices be in everything for?! How long do we have to keep the criminals in the surveillance state on life support for?! They are the national security threat! They fool nobody! Hate to shatter your illusions but spying is not a skill and does not require any intelligence! If you had any intelligence you would not need to spy on anyone, obviously! You spy on people because you are retarded, thieves, perverted sex offenders, murderers, or a combination of those! The evidence proves it MICIMATT InfraTard low IQ losers club! You can’t be a part of it unless you are willing to keep that secret apparently. Who in the hell would want to be a part of it?! Not me! Exposing you for the scum that you are MICIMATT InfraTards! ( aka InfraGard the spelling of it is the clue! The FBI knows that you are retarded! Just ask the QAnon supporters in it that they baited and framed! ) 

      Andrea Iravani

      Attacked by an InfraTard hacker again! Paid for by the DoD! Your tax dollars down the drain in a keep the worthless, useless, fucking retards on undeserving life support!

    3. Andrea.Iravani. says:

      When will they confess that they do not know what capitalism means? I am talking about the DoD junkies guilty of fraud and hogging? Stop lying! Admit that it is a a club of InraTard MICIMATT frauds that pretend that they are capitalists and mentally competent, respectable people when they are nothing of the sort? That they are so fucking retarded that they have to spy on people just to do their jobs, and that they are lazy perverted hogs that do not even bother to even pretend that they work anymore? Their lifestyles are sick and disgusting crimes against humanity! How long is this going to last for?! How long will spy devices be in everything for?! How long do we have to keep the criminals in the surveillance state on life support for?! They are the national security threat! They fool nobody! Hate to shatter your illusions but spying is not a skill and does not require any intelligence! If you had any intelligence you would not need to spy on anyone, obviously! You spy on people because you are retarded, thieves, perverted sex offenders, murderers, or a combination of those! The evidence proves it MICIMATT InfraTard low IQ losers club! You can’t be a part of it unless you are willing to keep that secret apparently. Who in the hell would want to be a part of it?! Not me! Exposing you for the scum that you are MICIMATT InfraTards! ( aka InfraGard the spelling of it is the clue! The FBI knows that you are retarded! Just ask the QAnon supporters in it that they baited and framed! ) 

      Andrea Iravani

      Attacked by an InfraTard hacker again! Paid for by the DoD! Your tax dollars down the drain in a keep the worthless, useless, fucking retards on undeserving life support system!!! Paying useless retarded lazy losers to hack my comments! Everything else is perfect in this country! Nothing left to do but hack a commenters post and blast senseless babble into my home and use vault 7 technology on me! Everything elses that needed to be done has been done. Mission accomplished! When did we gear those famous words?! 

    4. Andrea.Iravani. says:

      When will they confess that they do not know what capitalism means? I am talking about the DoD junkies guilty of fraud and hogging? Stop lying! Admit that it is a a club of InraTard MICIMATT frauds that pretend that they are capitalists and mentally competent, respectable people when they are nothing of the sort? That they are so fucking retarded that they have to spy on people just to do their jobs, and that they are lazy perverted hogs that do not even bother to even pretend that they work anymore? Their lifestyles are sick and disgusting crimes against humanity! How long is this going to last for?! How long will spy devices be in everything for?! How long do we have to keep the criminals in the surveillance state on life support for?! They are the national security threat! They fool nobody! Hate to shatter your illusions but spying is not a skill and does not require any intelligence! If you had any intelligence you would not need to spy on anyone, obviously! You spy on people because you are retarded, thieves, perverted sex offenders, murderers, or a combination of those! The evidence proves it MICIMATT InfraTard low IQ losers club! You can’t be a part of it unless you are willing to keep that secret apparently. Who in the hell would want to be a part of it?! Not me! Exposing you for the scum that you are MICIMATT InfraTards! ( aka InfraGard the spelling of it is the clue! The FBI knows that you are retarded! Just ask the QAnon supporters in it that they baited and framed! ) 

      Andrea Iravani

      Attacked by an InfraTard hacker again! Paid for by the DoD! Your tax dollars down the drain in a keep the worthless, useless, fucking retards on undeserving life support system!!! Paying useless retarded lazy losers to hack my comments! Everything else is perfect in this country! Nothing left to do but hack a commenters post and blast senseless babble into my home and use vault 7 technology on me! Everything elses that needed to be done has been done. Mission accomplished! When did we hear those famous words?! 

    5. Andrea.Iravani. says:

      What has accounted for survey participants declining favorability of Russia from 2011 with 49% of Americans viewing Russia favorably to 11% viewing Russia favorably now? How accurate are the numbers? Were people lying to surveyors telling them what the ruling class wants to hear in fear of political persecution?

      Was it because Russia jumped on the Covid Cult bandwagon that destroyed their lives when in the past they had viewed Russia as a hopeful moral counter-balance to the corruption of the American government?

      The Globzi Covidian Cultists want to destroy the U.S. economy, which is a bitter pill for any American to swallow since they live in America.

      Replacing a corrupt government with another corrupt government based on scientific fraud with techno-fascist health fascism is hardly anything that any red blooded American would not view as a direct and personal attack against themselves and their way of life.

      That would not mean that those Americans suddenly wished to try to destroy Russia either economically or physically, simply that they view Russia more skeptically than they previously had.

      Andrea Iravani

    6. Andrea.Iravani. says:

      Japan Fukashima 7.1 Earth Quake Tsunami waring!

      Andrea Iravani

      • Andrea.Iravani. says:

        No damage to Fukashima power plant discovered after examination. Other buildings unassociated with the power plant in Fukashima have been damaged. It is not known if there have been casulaties. Tsunami warning that I had read on Sputnik has been retracted.

        Andrea Iravani

    7. Andrea.Iravani. says:

      Well, the LA Times apparently did not think that it was relevant thatthe CDC has confessed that there is no such thing as covid, and decided to feature an article on new vaccination elegible recipients, all of whom happen to have higher than normal health costs and risks, so you can now officially refer to this as a Eugenics targeted assassination genocide program.

      LA Times:

      Who is now eligible?
      Those who will be eligible in March include those with:

      Cancer, current with debilitated or immunocompromised state
      Chronic kidney disease, Stage 4 or above
      Chronic pulmonary disease, oxygen dependent
      Down syndrome
      Immunocompromised state (weakened immune system) from solid organ transplant
      Pregnancy
      Sickle cell disease
      Heart conditions, such as heart failure, coronary artery disease, or cardiomyopathies (excludes hypertension)
      Severe obesity (body mass index greater than or equal to 40 kg/m2)
      Type 2 diabetes mellitus with hemoglobin A1c level greater than 7.5%

      https://www.latimes.com/california/story/2021-02-13/california-covid-19-vaccine-shortages-delays

      Andrea Iravani

    8. Andrea.Iravani. says:

      The Government has to assassinate unhealthy people in order to continue their overly generous salaries, benefits, and retirement programs. America cannot afford overpaid government employees and unhealthy people. It is either you, or them, and they voted for themselves.

      Well, the LA Times apparently did not think that it was relevant thatthe CDC has confessed that there is no such thing as covid, and decided to feature an article on new vaccination eligible recipients, all of whom happen to have higher than normal health costs and risks, so you can now officially refer to this as a Eugenics targeted assassination genocide program.

      LA Times:

      Who is now eligible?
      Those who will be eligible in March include those with:

      Cancer, current with debilitated or immunocompromised state
      Chronic kidney disease, Stage 4 or above
      Chronic pulmonary disease, oxygen dependent
      Down syndrome
      Immunocompromised state (weakened immune system) from solid organ transplant
      Pregnancy
      Sickle cell disease
      Heart conditions, such as heart failure, coronary artery disease, or cardiomyopathies (excludes hypertension)
      Severe obesity (body mass index greater than or equal to 40 kg/m2)
      Type 2 diabetes mellitus with hemoglobin A1c level greater than 7.5%

      https://www.latimes.com/california/story/2021-02-13/california-covid-19-vaccine-shortages-delays

      University Virologist and Immunologist now confirms what I have been saying for about 8 months! What in the hell took you so long?! Like hell you didn’t know! This is a CYA operation and oportunistic exploitation and legitious abuse! Seven Universities that have been Covid Cultists now sue the CDC after they finally have evidence that there is no covid! The CDC has no covid samples, which I have been saying! Finally, now after they participated in and benefited from destroying the country and the world, they go for the kill and go back for more and sue the CDC! their partners in crime! Glad that you finally got around to doing the electron microscope examination of covid to prove what I have been saying that it is influenza A&B! Glad that it finally dawned on you that the RT PCR tests are wrong and do not work, even though it was a well known fact that the inventor said himself! Glad that you finally realized that the base pairs of the RT PCR tests are only 30 to 40 and that viruses have 30,000 to 40,000 base pairs! What took you so long?! That is tantamount to criminal negligence at best!!!! How dare you sue the government that I would be left on the hook for paying for you opportunistic frauds! You make me want to puke! Of course you could not have been honest and say what took you so long to finally decide to do this! Profiting off of willful ignorance and blatant lies! 

      https://www.globalresearch.ca/clinical-lab-scientist-covid-19-fake-wake-up-america/5737013

      Andrea Iravani

    9. somebody seems to be hogging this site for their own objective instead of repling to the subject at hand……just sayin….

    10. Anonymous says:

      You Federal and State freaks leave a person with nothing left but credit after locking them down without a job. What the hell do you expect a person to do? Here’s what I would do – run up all my credit cards to max and file bankruptcy. When people lose everything, they have nothing else to lose! What are you going to do? Take away my birthday?

      Andrea.Iravani – Fake name – keep it succinct and to the point!

    11. Andrea.Iravani. says:

      Yes. The nazis certainly did escape to the west, and to the east too.  Maybe it is just a coincidence that it seems like Josef Mengela is running the WHO. Now The Atlantic Council is worried that there may be a pandemic, and are insisting on DoD spending. Deja vous! Where did they ever come up with that idea?! Let’s not and say we did, since we already did that, and it did not work, a few times, in 2020, 2009, & 2003. They consider themselves to be ideas people and a think tank. 

      Andrea Iravani

    12. Genius says:

      BofA rats their customers out to the feds. If you have BofA get rid of them ASAP! Besides being the worst bank on earth…

    13. Andrea.Iravani. says:

      Everybody hates the police except Donald Trump, which is why they were his cock suckers. What will they do now that they don’t have Trump to pretend that they are respectable or even non retarded mutants that are not pedophiles that sexually exploit, enslave, and endanger children for profit on their bitcoin pedophile websites? Maybe the police and Trump can have an orgy together without anyone else in Mara Lago to celebrate his aquital.

      Andrea Iravani

    14. Andrea.Iravani. says:

      When Denial Is the Symptom of the Disease

      The whole world now knows how corrupt, sadistic, and evil the international, national, state, and local governments are.

      The whole world knows how corrupt, sadistic and evil the medical mafia/ big pharma sectors are now.

      The whole world knows how corrupt, sadistic, and evil the media is now.

      The whole world knows how corrupt, sadistic, and evil the universities, researchers, and scientists are now.

      The whole world knows how corrupt the censorious tech sector is now.

      The Government has to assassinate unhealthy people in order to continue their overly generous salaries, benefits, and retirement programs. America cannot afford overpaid government employees and unhealthy people. It is either you, or them, and they voted for themselves.

      Well, the LA Times apparently did not think that it was relevant thatthe CDC has confessed that there is no such thing as covid, and decided to feature an article on new vaccination eligible recipients, all of whom happen to have higher than normal health costs and risks, so you can now officially refer to this as a Eugenics targeted assassination genocide program.

      LA Times:

      Who is now eligible?
      Those who will be eligible in March include those with:

      Cancer, current with debilitated or immunocompromised state
      Chronic kidney disease, Stage 4 or above
      Chronic pulmonary disease, oxygen dependent
      Down syndrome
      Immunocompromised state (weakened immune system) from solid organ transplant
      Pregnancy
      Sickle cell disease
      Heart conditions, such as heart failure, coronary artery disease, or cardiomyopathies (excludes hypertension)
      Severe obesity (body mass index greater than or equal to 40 kg/m2)
      Type 2 diabetes mellitus with hemoglobin A1c level greater than 7.5%

      https://www.latimes.com/california/story/2021-02-13/california-covid-19-vaccine-shortages-delays

      University Virologist and Immunologist now confirms what I have been saying for about 8 months! What in the hell took you so long?! Like hell you didn’t know! This is a CYA operation and oportunistic exploitation and legitious abuse! Seven Universities that have been Covid Cultists now sue the CDC after they finally have evidence that there is no covid! The CDC has no covid samples, which I have been saying! Finally, now after they participated in and benefited from destroying the country and the world, they go for the kill and go back for more and sue the CDC! their partners in crime! Glad that you finally got around to doing the electron microscope examination of covid to prove what I have been saying that it is influenza A&B! Glad that it finally dawned on you that the RT PCR tests are wrong and do not work, even though it was a well known fact that the inventor said himself! Glad that you finally realized that the base pairs of the RT PCR tests are only 30 to 40 and that viruses have 30,000 to 40,000 base pairs! What took you so long?! That is tantamount to criminal negligence at best!!!! How dare you sue the government that I would be left on the hook for paying for you opportunistic frauds! You make me want to puke! Of course you could not have been honest and say what took you so long to finally decide to do this! Profiting off of willful ignorance and blatant lies! 

      https://www.globalresearch.ca/clinical-lab-scientist-covid-19-fake-wake-up-america/5737013

      More Evidence of Targeted Assassinations! 

      Vaccines to Exterminate Seniors, to Save Corrupt Government Employees, University Professors, and the Medical Mafia! We Can’t Have 23 Million Overpaid Government Employees and Non Working Seniors! Would You Rather, Save Seniors, Or Continue to Overpay Corrupt, Incompetent, Lazy Government Employees That Refuse to Do Their Jobs and Abide by the Constitution?! 

      They Are the Persistence Which Must Be Met With Resistance!
      Their Lifesyles Are Crime Against Humanity! MICIMATT InfraGard Cult  of Corruption!

      CNA James, whose video the criminal psychopathic hacker prevented me from watching, has stated that people are dropping like flies from vaccines in the nursing home that James is employed in.

      https://www.globalresearch.ca/cna-nursing-home-whistleblower-seniors-dying-like-flies-after-covid-injections-speak-out/5735639

      As I have previously reported:

      Well, It sure as hell appears that the vaccines are killing many more people than they are reporting because on November 16, 2020 there were 2,487,350 annual total deaths until November 16,2020. Verses 2.7 million to 2.9 million total deaths per year between 2015 and 2019. On December 22,2021, they report that there have been 3.2 million total deaths in America. So, between November 16,2020, and December 22,2021 there were 712,650 deaths. So, once again, medical error is the third leading cause of death in America, but they are claiming that it is covid. It is their treatment and prevention of covid that is responsible for far more deaths than covid! Of course they claim that the Novemeber numbers might not be accurate, because it is nearly impossible for the government employees to be able to count to over two million and get it right the first time. That is just expecting far more from government employees than they are capable of doing!

      https://apnews.com/article/us-coronavirus-deaths-top-3-million-e2bc856b6ec45563b84ee2e87ae8d5e7

      https://www.politifact.com/factchecks/2020/dec/11/facebook-posts/chart-comparing-2020-us-death-toll-previous-years-/

      Andrea Iravani

    15. Darth Skippy says:

      You’re trying to correlate price rises and drops, in separate industries, but these line graphs won’t align.

      It would be more useful, if your x vectors had the same start/stop points and used like measurements.

      As when working with incompatible fractions, and you find the common denominator.

    16. kevin says:

      Spending up? Yes firearms, ammunition, food and other gear, you better believe it.

    17. Anonymous says:

      The days of shtfplan don’t always come thru qhen I try to pull them up. I use duckduckgo

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