FSTA News and Press, Fidelity MSCI COnsumer Staples Index From 11/09/21

AIER’s Leading Indicators Index fell for a seventh consecutive month in October, hitting the neutral 50 mark. The Roughly Coincident Indicators index fell for the second consecutive month following a run of six consecutive months at 100. Capacity utilization fell a full per...

While gold has bounced, rallying 4% from the fall low, it remains stuck in a range, between $1,750 an $1,850 an ounce. Since the early spring gold’s correlation with U.S. equities has been around 0.4, well above the levels that prevailed last summer. While rising adaptation...

The major US equity indices moved in concert, but the big disappointment so far this year has been small caps. Energy is clearly where the action is this year. After spending years at the bottom of the tables, Natural Gas, Gasoline, and Crude Oil now lead the pack. For furth...

Further to my comments in inventory build belies shortage hype, those in the business of selling the highest fee investment products also are interested in predicting rising prices to encourage buyers. It is also not surprising that cryptocurrency proponents (like Jack Dorsey and othe...

The market has been focused on reopening trades, used cars and rents on inflation. Full-service restaurants reported YoY inflation of 5.2% in September, their highest level on record (going back to December 1998), while limited-service restaurants saw an increase of 6.7%, their highes...

The port bottlenecks and supply shortages have caused goods shortages. Though, for proof that the supply chain disruption is not damaging the economy much, look no further than Friday’s report that retail sales rose 0.7% in September - a huge positive surprise, since economists wer...

The reality of the continuing pandemic has slowed the economic recovery and is reflected in new patterns of spending. People didn’t stop spending during the pandemic. It still remains to be seen if there will be enough of a shift from spending on goods to services to help e...

Taking a look at how the expected Q3 ’21 sector revenue growth rates have changed since mid-August ’21 or the unofficial end of Q2 ’21 earnings season. Per Bespoke’s research, the S&P 500 has now reached “extremely oversold” levels, worse ...

Fernandes: U.S. retail sales in June 2020 were already higher than in December 2019. Fernandes: US consumer is in a much better position than they were in 2008. Fernandes: We see a potential slowdown in China as a potential risk to the U.S. corporate earnings outlook. For fu...

Sales of new single-family homes posted a small gain in August, increasing 1.5 percent to 740,000 at a seasonally-adjusted annual rate from a 729,000 pace in July. Despite the gain, sales are down 24.3 percent from the year-ago level and are 25.5 percent below the 993,000 pace in Janu...