tastylive, Released on 5/7/26

Investing through a misleading retail sales headline means knowing what is actually inside the data. Greg Weldon of the Global Macro Strategy Report breaks down why more than two thirds of the monthly retail sales gain was gasoline spending driven by higher prices, and what that means for consumer final demand heading into the second half of the year. Service inflation is still running at 3 to 5% across 65% of components. The dollar is on the verge of a major technical breakdown. Agricultural commodities face razor thin supply margins. And silver is targeting above $93. The stock market is disconnected from the economy and in his view, it is on borrowed time.

00:00 Retail Sales Headline vs What the Data Actually Shows
01:03 Gasoline Driving Two-Thirds of the Monthly Gain
01:30 Eating Out vs Ordering In: The Real Consumer Signal
02:02 Service Inflation Still 3 to 5% Across 65% of Components
03:14 Can 14% of the Economy Drive a New Bull Market?
03:28 Stocks Are Disconnected From the Economy More Than Ever
04:45 Your Beliefs Don’t Have to Define Your Positions
05:10 The Dollar on the Verge of a Major Technical Breakdown
06:00 Yuan Breaking Out: The Next Round of Inflation
07:11 Agricultural Commodities and the Water Supply Risk
08:13 Gold and Silver: Silver Targeting Above $93
09:00 How Central Bank Rate Divergence Pressures the Dollar

Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters “Weldon’s Money Monitor,” the “Commodity and Currency Monitor,” the” Metal Monitor,” and the “ETF Playbook.” He launched these macro-market publications, covering supply-demand fundamentals, along with technical, intermarket, and psychological insights, after building a successful career as a trader on Wall Street. Weldon has since established himself as a noted authority in the gold market as well as the global capital markets. He is the author of Gold Trading Boot Camp: How to Master the Basics and Become a Successful Commodities Investor.

  economy, gold, Greg Weldon, inflation, investing, silver, stock market