UCC News and Press, ProShares Ultra Consumer Services From 03/02/21

Real Retail Sales report a sharp increase for January after a short correction following consumers stocking up for the COVID lockdowns. Gasoline prices, which have risen sharply from RBOB Gasoline $1.41/gal to $1.59/gal in January 2020, actually fell as part of the mix in this report,...

Merck (MRK) has announced that the FDA has accepted for review the company’s New Drug Application (NDA) for gefapixant for the treatment of refractory chronic cough (RCC) or unexplained chronic cough (UCC) in adults.The decision will be based on the outcome of an upcoming adv...

After 3 months of declines, we saw a huge upturn in retail sales in January. Before adjusting for inflation, retail sales jumped 5.3%. After adjusting for inflation, sales were up 5.0% to a new all-time high. This is very good news and adds to the evidence that once the pandemic i...

Headline sales came in at 5.3% month-over-month to one decimal and was well above the Investing.com forecast of 1.1%. Core sales (ex Autos) came in at 5.9% MoM. January headline and core sales were up and better than forecasts. For further details see: Retail Sales Up 5....

The injection of stipends account for the boosted spending in January 2021. Unadjusted, total retail sales rose 5.80% year-over-year last month. Consumer spending which didn't happen during the final three months of 2020 was made up in the first one of 2021. For further deta...

Retail sales and food-services spending jumped 5.3 percent in January following 3 consecutive declines from October through December. Core retail sales, which exclude motor vehicle dealers and gasoline retailers, posted a sharp 6.1 percent surge for the month following decreases of 2....

Risk assets continued their historic run last week with EM equities and commodities leading the way. Bonds sold off as the 10-year Treasury note yield broke above 1.20% for the first time since the lows last spring. The 10-year TIPS yield closed the week at 1.02%, near the all-tim...

The ISM's index for prices at 64.2 was down 0.2 percentage points from December (seasonally adjusted), indicating that prices increased but at a slightly slower rate than in December. Of the 18 service industries in the ISM index, 16 reported price increases in January, compared to De...

Retail sales were surprisingly strong in 2020. Factors driving consumer spending in 2021 include vaccines, government support and stimulus, jobs, and pent-up demand for services. Bruinsma: Next winners could be in travel, restaurants and apparel/footwear as the economy re-opens. ...

The business climate index has been abysmal since March. Capital spending continued to fall, but at a slower pace. But wages are rising, despite declining employment. For further details see: Everything Drops, Including Jobs, But Prices And Wages Rise