Consumer spent less in January. Should we worry? Motley Full Money, I'm Deidra Willard here with Motley Full analyst Bill Barker.

Bill, how's your Thursday going?

It's going well, thanks. How's yours?

Pretty good.

This has been such an interesting week for macro data. The market's been kind of a little bit trying to figure things out, right?

So on Tuesday we had the CPI data, showed inflation maybe stickier than expected expected that of course you know didn't

please the market which of course because they think it might not please the fed

today we've got advanced retail sales from the SENSons Spiro and the number here down 0.8% for the month of January.

Market watchers, they were expecting a decrease but not this deep.

So some of this of course, it was it was cold in January.

January is traditionally a not great month for retail sales, but is there anything

else we need to look at? It's a data point, one data point there, you've already brought in a few and this one indicates a little bit slower economic activity than hoped for and so I think that it's in

comparison to say current GDP forecast for the quarter which is above 1% by the consensus but more like 3% by the

GDP now forecast you know I think that this gets incorporated into that number it

lowers the the GDP now for instance and lowers some of the expectations

but then there will be two or three more economic reports in the

next week or two that you know feed that and change it a little higher a little lower

so not a big deal you'd like to see a better number but they can't all be good.

But the lack of clear signal here is interesting and I looked at some of the

comments sections from some of the news articles on this and people seem really divided.

Some people are like, oh, this is reflecting, it's, you know, consumers are tapped out,

everything is terrible, and then other people are saying this like like you said this is

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