SZK News and Press, ProShares UltraShort Consumer Goods From 09/24/21

Sales of new single-family homes posted a small gain in August, increasing 1.5 percent to 740,000 at a seasonally-adjusted annual rate from a 729,000 pace in July. Despite the gain, sales are down 24.3 percent from the year-ago level and are 25.5 percent below the 993,000 pace in Janu...

The Covid-19 Delta variant continues to trigger shifts in consumer sentiment, and this is reflected in retail sales and earnings results. The latest U.S. retail sales numbers show that the strongest spending happened at non-store retailers, suggesting that consumers are still gravitat...

Beginning with what is perhaps the best indicator of growth potential in the real economy, as opposed to just the financial economy, the G3 credit impulse is now firmly in negative territory after peaking in the latter stages of 2020. Turning to manufacturing, building permits for new...

Retail sales and food services spending rose 0.7 percent in August following a 1.8 percent drop in July. The three-month annualized growth rate is -0.9 percent though the level of sales is still well above the most recent nine-year trend. From a year ago, total retail sales are up 15....

The Census Bureau, on Thursday, released its estimates for retail sales. Most pay attention only to the seasonally adjusted version, which was surprisingly positive for August 2021. It was widely expected sales would continue to fade, another monthly move downward nonetheless as the l...

Total retail sales - not adjusted for inflation, now a big factor - inched up 0.7% in August from July, to $619 billion (seasonally adjusted), up a stunning 18% from two years ago and 15.1% from a year ago. This wasn’t a proper “rebound,” as it has been widely cal...

AIER’s Leading Indicators Index fell for a fifth consecutive month in August, falling to 58 from 75 in July. The index was at 92 in March. While August marks the twelfth consecutive month above the neutral 50 level, it is also the lowest reading of the past year and the lowest ...

The current slowdown was telegraphed by the bond market, and we’re now in the midst of it. There are any number of reasons to think the economy will just keep fading all the way back to the pre-COVID trend of about 2%. I don’t see any reason to believe we are near recess...

Spending generally increases with income, but not in the naïve lockstep fashion described in economics textbooks. With less debt, people will feel confident spending more. When unemployment, inflation and interest rates are all low, consumers are pretty happy. For furth...

Main Street businesses are those that operate a physical storefront up and down the main streets and side streets of cities and towns all over the world. More than 60 percent of the Main Street businesses that also sell online and use third-party aggregators say that their overall sal...