RXI News and Press, iShares Global Consumer Discretionary From 07/25/22

The majority of consumers have lost a lot of purchasing power over the last year. For the average consumer, the reality is not shaped by how much the government tells them things cost, it’s shaped by their personal reality when they go shopping and pay their bills. Consumer...

The S&P 500 Index closed out the week ending July 22 with a gain of 2.57%. The index is also now trading above its 50-day moving average. Many other indexes are showing technical improvement as well and are trading above their 50-day moving averages. This is certainly a positive t...

Two opposing forces appear to be dominating the market currently, with investors polarized between recession fears and bargain hunting following this year’s large equity selloff. Investors priced in most central bank tightening and seem more confident with the inflation outlook...

Last week, the Labor Department announced that its CPI rose 1.3% in June, higher than the economists’ consensus estimate of 1.1%. But core CPI, excluding food and energy, rose only 0.7% in June and just 5.9% in the past 12 months. The main reason for a higher CPI number is that...

The inflation fears led to concern that the Fed would raise interest rates by a full percent when they next meet and that in turn produced selling in stocks. Non-US stocks continue to struggle and that will probably be the case until the dollar comes back down. Economies are big c...

Census Bureau's Advance Retail Sales Report for June headline says - sales came in at 1.00% month-over-month to two decimals and was above the Investing.com forecast of 0.8%. Total sales for the April 2022 through June 2022 period were up 8.1 percent (±0.5 percent) from the same ...

Retail sales and food-services spending rose 1% in June following a 0.1% decline in May. In real terms, total retail sales were down 0.3% (adjusted using the CPI) in June, following a 1.1% decrease in May. Core retail sales, which exclude motor vehicle dealers and gasoline retaile...

This year has been one for the record books. Inflation is at a level last seen in 1982, the S&P 500 return this year is its worst start to a year since 1970, and it is the worst start for the Dow Jones Industrial Average Index since 1962. Investors had few areas to invest in that ...

Persistently elevated rates of price increases and an intensifying Fed tightening cycle are impacting economic activity. The outlook is for continued economic growth, but risks remain elevated. The combination of record-high home prices and sharply higher mortgage rates have sent ...

For Q2 2022, the Refinitiv Retail/Restaurant Index is looking at a -7.6% blended estimated earnings growth rate, and an 8.4% blended estimated revenue growth rate. Currently, low-income consumers are being squeezed the most in the absence of stimulus checks that last year boosted thei...