KXI News and Press, iShares Global Consumer Staples From 11/30/21

New Covid-19 variant from South Africa caused an emergency meeting of WHO that spooked the financial markets on “Black Friday,” putting a damper on the biggest retail sales day of the calendar year. The good news is that even though the ETF spread widened for DVY on Frid...

For the week ending Nov. 21, the average promotional discount was 33.4%, compared with two months prior at 37.0%. Due to inflation, several retailers are already dealing with higher COGS. They are concerned about inflation and the supply chain crisis. The Census Bureau reported th...

Treasury yields rose initially on news that Fed Chair Powell has the nod for a second term. Breadth is brutal beneath the euphoric surface, with many former retail darlings tumbling into well-deserved repricing cycles. The U.S. dollar has been rising against the basket of global c...

Both Rivian Automotive and Lucid Group are typical “bubble stocks.” Many investors clearly think that Lucid and Rivian are “the next Tesla,” and therefore they will race up in price to have similar market valuations. Due to an acute shortage of lithium-ion ...

If my assumption is correct, the COVID-19 crisis pushed the global markets into a 6+ month Summer, Autumn, and Winter seasonal cycle. My belief is the COVID-19 crisis created a full Kondratieff Seasonal rotation in the global markets. As we explore the Kondratieff Seasonal cycles ...

Wednesday's October retail sales report showed a strong retail sales increase, month over month (MoM) of 1.7% and a year over year (YoY) increase of 16.3%. Quarterly earnings reports are peaking and inflation is creating a favorable variance to reported earnings for companies. In ...

October data for the labor market and the industrial sector continue to paint a bright profile of recovery in absolute and relative terms vs. previous economic expansions. The good news is that the labor market is still rebounding at the strongest pace relative to previous US expansio...

Naturally, consumers might respond to the world economy’s logistical nightmare by pulling forward demand, as Economists would say. Most years, there’s an increase of varying levels from September to October not accounting for any seasonality. Retail sales have been o...

Total retail sales jumped by 1.7% in October from September, by 16.3% from October a year ago, and by 22% from October 2019, to a record $638 billion (seasonally adjusted), according to the Census Bureau today. Miscellaneous store retailers sales in October spiked 2.8% from September,...

Retail sales and food-services spending rose 1.7 percent in October following a 0.8 percent gain in July and a 1.2 percent increase in August. Most categories were up in October with ten posting gains, two showing declines, and one essentially unchanged. The economic outlook is fo...