Retail sales fall below already low forecasts
Retail sales fell 8.7% in March, the worst drop ever, the Commerce Department reported today. Economists had expected a drop of 8%. Revisions to February's report showed a 0.4% drop for that month.. U.S. stocks sank at the open Wednesday, dragged down by dismal...
Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
...the monthly retail sales numbers for March from the Commerce Department to show how the beginning of the coronavirus recession hit retailers. Headline retail sales are expected to have plunged 8% during the month, down from a 0.5% decline in February, according to...
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
... a quiet, holiday shortened week on U.S. markets--with the possible exception of China news. The Thanksgiving calendar, which puts the start of the Federal Reserve's quiet season ahead of the December 11 meeting of the bank's Open Market Committee on Saturday...
Saturday Night Quarterback says, For the week ahead expect…
...a pause in the news flow. The week ahead won't be completely quiet, of course. There's the little matter of the Part 1 agreement to settle some of the issues in the U.S.-China  trade war.  If this last week is any indication, we'll have lots of "announcements" from...
Today the market is in “Give back some of those gains” mode on a disappointing retail sales report
It would be an overstatement, in my opinion, to say the market is trendless. I think there's a definite and but unspectacular bias to the upside in the short-term--four weeks, say. It would be accurate, however, to say, there's not much conviction to that trend. So...
Saturday Night Quarterback says, For the week ahead expect…
...lots of speculation on what the Federal Reserve will do and say about interest rates next week on September 18. What has become the routine squeaking and squawking about the U.S.-China trade war/trade talks. More fun and games from London (where the legal opinion...
Retail sales stronger than expected–there’s hope yet of fending off a recession
Retail sales in July climbed 0.7% from June. Economists surveyed by Briefing.com had predicted a 0.3% climb. Retail sales excluding autos were up 1.0% month over month. Economists had projected a 03% gain.. Nonstore retail sales (that is the Internet) were up 2.8%...
Saturday Night Quarterback says, For the week ahead expect…
... well, expect that nothing much else  will matter if the yuan-dollar exchange rate moves noticeably up or down this week. In a normal week, investors and traders would be studying reports on inflation (CPI), retail sales, initial claims for unemployment, oil...
Negative economic numbers from both China and United States this morning
I'd give the edge to China in the "Whose news is worse?" sweepstakes this morning. For April China's retail sales rose 7.2% year over year--good news except that economists were projecting an 8.6% increase and that March showed 8.7% year over year growth. The April...
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
...data, data and more data on the health of the U.S. economy with the week ending with Friday's job report for March. The forecast from economists surveyed by Bloomberg calls for payrolls to climb to 175,000 after a very disappointing addition of just 20,000 jobs in...
January retail sales better than expected; December gets revised lower yet
Headline retail sales rose 0.2% in January, the Census Bureau reported this morning. Economists surveyed by Briefing.com were expecting a 0.1% drop for the month. Retail sales excluding autos rose 0.9% for the month against a consensus projection of a 0.2% gain. Motor...Download Jim’s eBook for Free
