Discover and read the best of Twitter Threads about #RetailSales
Most recents (8)
Rising volume in $XLK, $VTV, and good enough $SMH transparently prepared the ground for improving #ES market breadth – but the one factor that made me reconsider the requisites of the medium-term (bearish) outlook, was this.
Financials.
LONG THREAD 👇
Financials.
LONG THREAD 👇
#ES flirted with 4,115 again after that great intraday $HYG reversal portended downside #volatility when cyclicals didn‘t really point higher.
The day ended with a profound deterioration in market breadth and unappealing sectoral overview.
THREAD 👇
The day ended with a profound deterioration in market breadth and unappealing sectoral overview.
THREAD 👇
2. #tech upswing invited selling interest, while #value and especially $IWM turned strongly south.
#ES though had been relatively resilient given both #manufacturing and #retailsales hits, and today‘s data in #housing weren‘t slated to bring a disaster.
The figures are
#ES though had been relatively resilient given both #manufacturing and #retailsales hits, and today‘s data in #housing weren‘t slated to bring a disaster.
The figures are
#ES close almost 4,149 resistance, $RSP $IWM improvements are key bullish achievements, but I doubt would be confirmed by rising #bonds.
Bit of a daily rotation into #cyclicals say that would be hard.
Key today - #retailsales
Quote from Sunday:
THREAD 👇
Bit of a daily rotation into #cyclicals say that would be hard.
Key today - #retailsales
Quote from Sunday:
THREAD 👇
2. "I'm ooking for a meaningful undershoot on Tuesday, especially in core #retailsales turning even slightly negative".
Look at China's uneven recovery (18% vs 21% expected retail sales YoY), and compare then to situations when fiscal and monetary policy work in opposite ways.
Look at China's uneven recovery (18% vs 21% expected retail sales YoY), and compare then to situations when fiscal and monetary policy work in opposite ways.
3. Looking at the relative $XLY direction, I'm afraid #discretionaries are starting to lose their leading shine.
It's rather $XLC $XLV $XLU that are either leading or improving while $XLK deteriorates under the surface (also in terms of #NDX market breadth) just like $XLY.
It's rather $XLC $XLV $XLU that are either leading or improving while $XLK deteriorates under the surface (also in terms of #NDX market breadth) just like $XLY.
Verified by #RetailSales
Bank of America credit and debit card spending per household rose 5.1% year-over-year (YoY) in January
Bank of America credit and debit card spending per household rose 5.1% year-over-year (YoY) in January
In 2021 the bottom income group spent 38% of their total expenditure on food and shelter combined
deposits remain above 2019 levels
Daily Bookmarks to GAVNet 01/03/2022 greeneracresvaluenetwork.wordpress.com/2022/01/03/dai…
William D Adler on Twitter
#PartisanPolitics, #StockMarket, #RetailSales, #InventoryLevels, #TheNextShinyObject
#PartisanPolitics, #StockMarket, #RetailSales, #InventoryLevels, #TheNextShinyObject
Wake Up, Sailors, Scurvy Is a Hoax - McSweeney’s Internet Tendency
mcsweeneys.net/articles/wake-…
#history, #scurvy, #BritishSailors, #DiseasePrevention
mcsweeneys.net/articles/wake-…
#history, #scurvy, #BritishSailors, #DiseasePrevention
The fastest-growing developed economy in the West, the US, has just released #growth figures for Q3: 2% annualized (down from Q2 recovery of 6.7%).
[Reminder: growth<0 is #recession, low growth is #stagnation.]
It also released the corresponding #inflation of 5.7%.
#stagflation
[Reminder: growth<0 is #recession, low growth is #stagnation.]
It also released the corresponding #inflation of 5.7%.
#stagflation
Everything is temporary, depending on chosen timescale!
cnbc.com/2021/11/03/fed…
[#Fed] statement kept the word “transitory” to describe price increases that are running at a 30-year high, though it qualified the term somewhat by saying pressures are “expected to” be temporary.
cnbc.com/2021/11/03/fed…
[#Fed] statement kept the word “transitory” to describe price increases that are running at a 30-year high, though it qualified the term somewhat by saying pressures are “expected to” be temporary.
Today’s US data for Q3:
Unit labour costs (QoQ) is +8.3% (vs 1.1% in Q2).
Unit labour costs (QoQ) is +8.3% (vs 1.1% in Q2).
#MacroView
#NFIB data says we are only in a #recovery, not an #economic expansion.
While the NFIB data doesn't get much #media attention, it should as it tells you much about what is really happening in the #economy.
realinvestmentadvice.com/macroview-nfib…
#NFIB data says we are only in a #recovery, not an #economic expansion.
While the NFIB data doesn't get much #media attention, it should as it tells you much about what is really happening in the #economy.
realinvestmentadvice.com/macroview-nfib…
Reason I pay attention to #NFIB
Sept 2019 - Data rings alarm bells on #recession.
April 2020 - Data says recession arrived.
May 2020 - Data says #economic recovery not as strong as media suggests.
realinvestmentadvice.com/macroview-nfib…
Sept 2019 - Data rings alarm bells on #recession.
April 2020 - Data says recession arrived.
May 2020 - Data says #economic recovery not as strong as media suggests.
realinvestmentadvice.com/macroview-nfib…
If businesses were expecting a massive surge in “#pentup” #demand, they would prepare for it. Such includes #planning to increase #capex to meet expected demand. Unfortunately, those expectations peaked in 2018 and are dropping back to the March 2020 lows.
realinvestmentadvice.com/macroview-nfib…
realinvestmentadvice.com/macroview-nfib…
Data on #China’s Macro #Economy in March:
1. The economy picked up - manufacturing #PMI was 50.5%, 1.3% up from February and down 1% year-on-year;
2. #Industrial growth picked up - added value of industries above designated size rose by 8.5% year-on-year, 3.2% up from February;
1. The economy picked up - manufacturing #PMI was 50.5%, 1.3% up from February and down 1% year-on-year;
2. #Industrial growth picked up - added value of industries above designated size rose by 8.5% year-on-year, 3.2% up from February;
3. #Consumption picked up - #retailsales rose by 8.7% year-on-year, 0.5% up from February;
4. Fixed #asset and #infrastructure #investment rebounded – from January to March, total fixed asset investment was up by 6.3% year-on-year, 0.2% higher than the first 2 months;
4. Fixed #asset and #infrastructure #investment rebounded – from January to March, total fixed asset investment was up by 6.3% year-on-year, 0.2% higher than the first 2 months;
5. #Exports saw positive growth, while #imports continued to fall - dollar-denominated exports grew by 14.2% year-on-year, while imports fell by 7.6%;
6. #CPI and #PPI both picked up – CPI up by 2.3% year-on-year, and PPI, 0.4%.
mp.weixin.qq.com/s?__biz=MjM5Nj…
6. #CPI and #PPI both picked up – CPI up by 2.3% year-on-year, and PPI, 0.4%.
mp.weixin.qq.com/s?__biz=MjM5Nj…
