#美国零售数据逊预期 Consumption has stalled, and the prosperity is just an illusion. U.S. retail data for December showed zero growth month-on-month, significantly below the expected 0.4%, with the previous value of 0.6% being halved directly, causing the consumption engine to stall immediately. The so-called strong recovery is merely a paper prosperity propped up by high interest rates. Of the 13 major categories, 8 have declined, with cars, clothing, and home appliances all experiencing a cooling trend. Americans are not unwilling to spend; they truly cannot afford to. As the data cools, expectations for interest rate cuts immediately rise, putting pressure on the dollar and causing asset volatility. Don't be fooled by the stock market's new highs; the weakness in consumer spending is the truest indicator of the U.S. economy's temperature. This is not a temporary slowdown; it marks the beginning of a retreat in domestic demand. $BTC