The markets see a recession while consumers see a sale

The economy is sending mixed signals. Again. Monthly retail sales numbers out on Thursday showed American shoppers boosted spending in July by 0.7%, more than economists were expecting. Excluding autos, U.S. retail sales were up a healthy 1% in July. At the same time, the bond market is highlighting a lack of confidence in the economy amid additional signs of global economic slowdown and the intensifying U.S.-China trade war.

Click the audio player above to hear the full story.