All Posts Tagged With: "Retail Sales"

Retail Sales Disappoint

Retail sales were disappointing, just as I thought that they would be. Looks like the “fluff” from the stimulus checks has all gone through the wringer! And credit cards are getting maxed out.

Questioning The Fed’s Rhetoric

More dollar strength… Retail Sales surprise… SARB raises rates! Gold on the slippery slope…

Three Little Facts and the End of the World

Retail sales actually went up last month - how is that even possible?…The Beige Book says the U.S. economy is ‘generally weak’… The sky’s the limit for electronic money - but not so for real wealth…America’s money is snapping back… Calling into question the U.S.’s car culture…the next big thing in the search for an energy alternative…and more!

Dollar Rallies on Sales Surprise - Euro Undercut on ECB Comments

 In the currency market, the dollar rallied against the euro. Late Thursday, the euro was trading at $1.5421 vs. $1.5548 on Wednesday. The buck was supported by better-than-expected retail sales, which boosted expectations for a Fed rate hike.

What Has Really Changed?

What has really changed?…importing inflation…hoping to prove Friedman wrong…Can the U.S. central bank really begin fighting inflation in a serious way? Ah, dear reader - there’s a cruel twist to this story…The cure for high prices is high prices…and so the global economy lurches forward…and more!

First Step or False Signal…Could Last Week’s Surge in Stocks Signal a Rebound Ahead?

It’s earnings season again. But with an odd twist. You see, most investors realized that earnings season would be dismal; so when the results came in pretty much as expected, many investors seemed to find that the news, especially among financial, was not worse and went on a buying spree.

Boomers Say, “What, Me Worry?,” Goldman Issues Gloomy Forecast, Here Comes Another $250 Billion Problem, and More!

Gen X wonders if it can ever retire. As Wall Street waits for Citi and Merrill shoes to drop, Goldman issues gloomy forecast. As if write-downs weren’t enough, here comes another $250 billion problem. A 17% first-quarter loss…When hedge funds don’t hedge. Coal prices shoot skyward… The sector ideally positioned to benefit.

Dollar, Little Changed

Retail sales get small bounce. But G7 expresses concern over dollar’s weakness. In the currency market, the dollar gained early against the euro, but then lost it all. Late Monday, the euro was trading at $1.5803 vs. $1.5809 on Friday.

Gold Still Running in Place

Consolidation may preface the next up move. Gold was off in the far East, but picked up in London trading and continued higher until the noon hour of the New York session on Monday, after which it pulled back from $930 to finish another lackluster day at $924.70/oz., down $1.20. Overnight, gold has been pushing higher.

As If Earnings Weren’t Enough, the Economic Calendar is Full

In addition to all the earnings reports mentioned above, the economic calendar is full with important reports this week. Among those that jump out at me are the Producer Price Index, Consumer Price Index, the Philly Fed Survey, and Leading Indicators.

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