Coronavirus BRIEFING

Retail Sales Soared Last Month, as Shoppers Rushed to Spend Their Stimulus Checks

I think probably the pivot point was the distribution of the vaccine. People are, in general, feeling more confident that if they have avoided the virus thus far, they will likely avoid the virus in the future.

Sam Stovall, chief investment strategist at CFRA Research., commenting to NBC News last week for its report, “Retail sales soared last month, as shoppers rushed to spend their stimulus checks.”