RXI News and Press, iShares Global Consumer Discretionary From 08/23/23

2023-08-23 12:15:00 ET Summary Trucking Tonnage Index, a relatively volatile economic indicator, remains in a rising trend. Parking lots at malls are as full during the week as they are on the weekends. Perhaps weekends are more packed, but it doesn’t seem by much. Real...

2023-08-22 12:15:00 ET Summary Adjusted for inflation, Real Retail Sales and Real Personal Income reflect economic activity that is rising more than the impact of inflation. Demand for goods and services is responsible for many corporations raising guidance and expanding facilitie...

2023-08-22 05:30:00 ET Summary Chairman Powell keeps reassuring us that the Fed is "data-dependent," but what do they do if some data is unclear or even flawed? There is a conflict between the ADP jobs data and the Labor Department's "seasonally adjusted" jobs data. In recent mont...

2023-08-16 01:19:00 ET Summary Retail sales, including at food services and drinking places, jumped 0.7% in July from June. The growth in retail sales came despite a sharp decline of inflation in the goods that retailers sell. The three-month moving average of retail sales ros...

2023-08-15 23:12:00 ET Summary Retail sales provided another upside data surprise and indicates a 3% annualised GDP growth rate is possible for the third quarter. However, higher consumer borrowing costs, reduced credit availability, the exhausting of pandemic-era savings and the ...

2023-08-15 05:45:00 ET Summary The Leisure Products group is hampered by difficult year-over-year earnings comparisons. Consumers continue to feel the pressure of higher food prices on their spending power and continue to gravitate towards the discounters for everyday low prices. ...

2023-08-11 03:25:00 ET Summary The back-to-school shopping season is looking softer this year but still earns a "passing" grade in our forecast. This year, thanks to renewed consumer confidence and rising incomes, back-to-school sales are forecasted to grow 1.8% to $978 billion. ...

2023-08-09 19:35:00 ET Summary Recent Retail Sales data figures have been mixed, but corporate executives are optimistic about the state of the consumer. The next month is expected to boast record school-related and college spending – the most important retail season of the...

2023-08-01 05:15:00 ET Summary It’s Q2 earnings season, and many of our stocks are already exhibiting relative strength, which is a sign that money is gravitating to companies that will post the strongest quarterly results and the best future guidance. We’re finally ...

2023-08-01 03:35:00 ET Summary As we think about this year, I think one of the things that we need to be mindful of is this idea of this is still an economic environment that is still under pressure from exceptionally fast tightening and monitory policy. This year, we've seen not ...