PASS News and Press, Direxion Daily Consumer Discretionary Bear 3X Shares From 07/17/20

By Robert Hughes Retail sales and food services spending posted another strong gain in June, rising 7.5 percent from the prior month following an 18.2 percent record surge in May and two devastating declines in March and April. The gains likely reflected the continued easing of restriction...

Retail sales topped expectations for June with a 7.5% increase from May. The June tally was also up 1.6% from a year ago after gas and auto-related sales were stripped out. More news on: The Home Depot, Inc., Lowe's Companies, Inc., The Kroger Co., Consumer stocks news, News on the U.S. ec...

TRENDS: Covid-19 has accelerated a lot of trends. Few more than retail. Oddly, some people have taken the view that Covid-19 changed retail. Actually, it didn't. The pandemic has merely accelerated trends that have been driving industry change for almost two decades. Back in 2004, Eddie Lamp...

In June this year, a company called intu (CCRGF) (no capitalisation) collapsed. Most people had never heard of it. But they knew what it did. It was the owner of many of the UK's biggest shopping centres. Lakeside in Thurrock, Metro Centre in Newcastle, and the Trafford Centre in Manchester - ...

If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Nike (NKE) posted its lowest quarterly sales in two years, along with a $790 million quarterly loss, when it reported its Q1 2020 earnings in late June. A key driver of the results was a 50 percen...

The fragile apparel and restaurant sectors are facing another negative few weeks of COVID-19 developments as cases soar. A record level of hospitalizations in Texas tied to the virus has already prompted Governor Greg Abbott to limit capacity at restaurants and close bars, while shopping cen...

Redbook Johnson reports chain store sales are down 1.4% M/M in June so far and decreased 6.1% Y/Y for the week ending June 20. More news on: Consumer Discretionary Select Sector SPDR ETF, SPDR S&P Retail ETF, Vanguard Consumer Discretionary ETF, Consumer stocks news, News on ETFs, ...

It's a pandemic, so there are problems with the data. Total retail sales in May bounced off 17.7% from the April low, according to the Census Bureau Tuesday. April had been the lowest April since 2013. May retail sales, at $485 billion seasonally adjusted, were down 6.1% from May 2019, d...

These numbers do seem epic, don't they? It's hard to ignore when you have the greatest percentage increase in the history of a major economic account. Just writing that sentence it's difficult to deny the power of those words. Which is precisely the point: we already know ahead of time how the...

Retail Sales are reported higher by ~18%, well ahead of expectations, and equity markets are higher in response. Personal Income spikes due to government income replacement during the COVID-19 shutdown. We can trust that Personal Income which is April's data will return to trend and that Real ...