Author: chip

Wow! Consumers #trump Covid19 last month by increasing retail spending by a whopping $62.3 billion, month-over-month. Retail sales (ex. food services) after plummeting 17.5% from record levels has quickly rebounded to within 3.7% of that threshold. The increase was a watershed for merchants and a proxy of consumers’ pent-up demand: Sporting goods, hobby, music stores

When it comes to reading the mercurial stock market tea leaves, I’ve recognized the Maven of Manhattan, Sam Stovall, CFRA Chief Investment Strategist, to be the keenest of all. Mr. Stovall is the patriarch of Sector Investing, meaning that Sam is your go-to guy when it comes to rotating from one industry to the next

Rates to remained anchored near zero through 2022 https://invest.1db.com/FOMC620

“It’s a recession when your neighbor loses their job; it’s a depression when it is you.” What could possibly go right? For equity investors, everything turned out rosier than expected. From the March 23 low, the S&P 500 has risen 43%, while the employment rate has fallen from 96.4% to 86.7%, with 15 million networkers losing their jobs through