On the heels of better-than-expected October retail sales report, Wal-Mart and Target -- the nation's two largest retailers -- posted healthy increases in same-store-sales for the third quarter Wednesday.
For Wal-Mart, that's a pretty big deal. The 1.3% uptick reverses a 9-quarter streak of negative sales growth at stores that have been open for more than a year. Target same-store sales increased 4.3%.
It was just two months ago that fears of another recession had gripped global markets. But in those few months, GDP and retail sales have surprised to the upside, calming fears that the U.S. might be headed back into a period of negative growth.
All these positives are certainly welcomed, but, as The Daily Ticker's Aaron Task and Henry Blodget discuss in the accompanying video, by no means does this signal the U.S. consumer is back and ready to fuel a full-blown recovery.
Underscoring this point is the fact that the savings rate in this countryRead More »from The Consumer: Better Than Feared, but Still Struggling