VCR News and Press, Vanguard Consumer Discretion From 06/20/23

2023-06-20 14:19:00 ET Summary The latest rebound in equity prices has pulled the S&P 500 and Canada’s TSX back to levels seen two years ago in June/July 2021. In the real economy, Canada’s Producer Price Index (PPI) for May contracted 6.3% year-over-year and the...

2023-06-16 10:30:00 ET Summary For the last year, conversations centered around the Fed and its aggressive interest rate hike campaign to bring down decade-high inflation. What’s at risk? A recession, which is, in fact, our current outlook. The pandemic and relate economic ...

2023-06-08 14:50:00 ET Summary To date, 202 of the 204 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2023, representing 99% of the index. Luxury retailers saw healthy sales growth driven by international shoppers, while dollar stores focused on gr...

2023-06-05 14:10:00 ET Summary In the latest reading this week, the unemployment rate rose from 3.4% to 3.7%, which suggests some economic pain to come. Recent market developments reflect concerns regarding the consumer sector. A break of 4200 on the S&P is forcing investo...

2023-06-05 11:46:02 ET Wall Street’s largest consumer discretionary exchange traded fund tracked higher on Monday morning taking the fund to its highest trading point in 4-months. The Consumer Discretionary Select Sector SPDR Fund ( NYSEARCA: XLY ) with its $15.88B assets...

2023-06-05 08:05:00 ET Summary Real estate is the worst-performing sector of the stock market over the last year as the market has shunned REITs. Over the long term, however, REITs have consistently been strong performers. As REITs are being dumped like garbage, we sift throug...

2023-05-22 17:22:00 ET Summary Data and statements put out by U.S. consumer companies during the Q1 earnings season teach us that consumption trends are very category-specific. Volumes have softened in some branded, staple products, but in general, elasticity has been better than ...

2023-05-17 02:20:00 ET Summary Total retail sales, seasonally adjusted, rose 0.4% in April from March, and 1.6% from a year ago. Gasoline prices have plunged by over 12% from a year ago, even as the price ticked up in April from March. The food CPI dropped for the second month...

2023-05-17 01:40:00 ET Summary We got two big data points on May 16th on the economy and both pointed to sluggish trends in growth. Retail sales and industrial production have a strong correlation with weak economic growth and both came in unusually weak last month. Industrial...

2023-05-17 00:00:00 ET Summary Markets are being shaped by disparate trends from falling energy prices to rising interest rates. During first-quarter earnings season, company reports indicated that these crosscurrents are intensifying business challenges—and making it harde...