Wal-Mart’s earnings report reassures stocks
Remember last week when the Commerce Department released figures showing that U.S. retail sales fell 1.2% in December from the previous month, the most since 2009. The drop was so big that she Wall Street analysts argued that the data were in error. Today Wal-Mart...Positive report today on consumer sentiment negates negative report yesterday on retail sales
Wall Street spent yesterday denying that retail sales could be as weak as indicated by the newest report from the Commerce Department. Today Wall Street is celebrating  the vindication of its cynicism on yesterday retail report in the preliminary University of...Markets talk themselves out of belief in brutal retail numbers
Overall retail sales fell 1.2% in December from November, according to the Commerce Department. That's the worst drop in nine years. Economists surveyed by Bloomberg had projected a 0.1% gain in retail sales. Out of the gate stocks fell today on the news with the...Bad retail sales results from Macy’s fail to dent stocks
Big-box retailer Macy's (M) cuts its guidance for comparable store sales, earnings, and revenue for fiscal 2019 on weaker than expected holiday sales. Kohl's (KSS) reported a 1.2% increase in holiday comparable store sales. The company said that fiscal year earnings...News flow a net negative this morning and stocks retreat
I recently noted that I thought stocks wanted to climb, and would through the end of the year--if news let them. Well, this morning, the news has put a big downward thumb on the scale. First off, China's November retail sales grew 8.1% year over year, China's...Tomorrow morning’s retail sales report for November: really tough comparisons
Economists surveyed by Briefing.com are expecting the 8:30 a.m. New York time report on November retail sales to show month to month growth of 0.2%. That wouldn't be quite so likely to disappoint the market except that retail sales climbed 0.8% month to month in...Nobody wants to get too far ahead of the news in this stock market
After yesterday's bounce in riskier bounce-worthy stocks, today the U.S. market is seeing a slight pull back. At 1:30 p.m. New York time the Standard & Poor's 500 is off 0.34% and the Dow Jones Industrial Average is lower by 0.05%. The NASDAQ Composite is down...Trick or Trend: Black Friday and Cyber Monday sales strong but it won’t matter without some agreement between U.S. and China on tariffs
Our regular (or occasional or perhaps occasionally regular) Friday series (running on Sunday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. U.S. consumers...Notes You Need for June 14: Initial claims for unemployment, airline fares, QCOM server chips, Intel iPhone chips, retail sales, Amazon in Brazil, El Nino
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Decent retail sales in April point to likely rebound in consumer spending from first quarter weakness
Not great numbers but strong enough. For April it looks like a strong job market and higher take-home pay more than balanced out higher gasoline prices. Gas prices are now at their highest level since 2014.
Saturday Night Quarterback says, For the week ahead expect…
The is a week with plenty of potential economic trends–although none is so strong that geopolitics couldn’t seize control of the world’s financial markets