A few excerpts from two BofA Merrill Lynch research notes: Consumer demand pulled back in AugustBased on the aggregated BAC credit and debit card data, retail sales ex-autos fell 0.5% month-over-month (mom) seasonally adjusted (sa). This reversed the 0.9% mom gain in July. As always, there were a number of…

Merrill on Retail "Consumer demand pulled back in August"