PSCD News and Press, PowerShares S&P SmallCap Consumer Discretionary Pf From 11/22/23

2023-11-22 02:15:00 ET Summary Q3 earnings season had many familiar refrains relative to the year’s first two quarters. One difference was a return to positive earnings growth for the first time since Q3 2022. Not unlike the first two quarters of the year, earnings for ...

2023-11-21 08:30:00 ET Summary Consumer inflation is fading fast, and producer prices actually declined last month. This means the Fed is done raising key rates. The prices of imports also declined 0.8% in October, which is the first monthly decline since June, giving evidence of ...

2023-11-20 22:40:00 ET Summary Black Friday deals are arriving earlier this year as U.S. consumers are still dealing with higher prices from a year ago. As a result, retailers know that shoppers have become price-sensitive and are looking for steep promotions and discounts. Th...

2023-11-16 06:30:00 ET Summary After November 14’s big reaction to the benign CPI data, which saw risk assets rally hard and the dollar come off as interest rate expectations fell sharply, it is the turn of retail sales and producer price inflation today. It once again feed...

2023-11-14 01:11:00 ET Summary I think the trimming or revising of lower forward growth estimates is a reflection of the FOMC policy. Crude oil and gasoline have fallen sharply in the last 6 weeks. High-yield credit spreads actually tightened a little this week, as did high-gr...

2023-11-13 15:08:00 ET Summary Over the past four months, yields have risen dramatically in response to better-than-expected economic numbers but have cooled in the last week or so. Although the Fed is going to be higher for longer, they want to see what all of their hiking has do...

2023-10-27 02:28:00 ET Summary The average discount for Halloween costumes and accessories is 16%. This is also above last year’s 12% and back to pre-pandemic levels. Those chocolates in the trick or treat bags may be costing more. The main chocolate ingredient, cocoa, saw ...

2023-10-25 03:30:00 ET Summary What should consumers and investors expect in the fast-approaching season of spending? The holiday selling season represents around 25% of annual retail sales and has always been an important catalyst for investors. It's helpful for investors to ...

2023-10-18 04:35:00 ET Summary Consumers went on another buying binge at retailers, fired up by the biggest income increases in decades. Total retail sales jumped 0.7% in September, after the upwardly revised 0.8% jump in August and the 0.6% jump in July. Compared to a year ago, r...

2023-10-17 11:12:00 ET Summary We saw a robust US retail sales report for September plus upward revisions to August's report. This reinforces the view that the US economy likely expanded at a 4% annualised rate in Q3. Headwinds are set to intensify, but for now the US consumer...