VCR News and Press, Vanguard Consumer Discretion From 09/25/23

2023-09-25 00:09:00 ET Summary For the week, the S&P 500 was down 2.9%. The best performer last week was Volatility, as investors were willing to pay higher premiums to hedge their downside risk. Transportation and Healthcare stocks held up the best last week, while defens...

2023-09-18 19:40:00 ET Summary The health of the U.S. consumer is just fine, despite many economists worrying that spending might slow in 2024 and lead to a recession. Analysts are fretting that the consumer could stumble as college loan payments resume and several million lose Me...

2023-09-18 11:30:00 ET Summary The consumer discretionary sector is close to 11-year averages regarding valuation metrics. Durables/apparel and consumer services look attractive, whereas the auto/components industry is overvalued. Consider VCR as an alternative to XLY. Fin...

2023-09-11 20:25:00 ET Summary Resilient consumer spending has been a pillar of the US economy. While activity may soften, we think the consumer will help the coming slowdown stay mild. Household expenditures account for more than two-thirds of US gross domestic product, making co...

2023-09-11 08:51:55 ET More on Markets Biggest stock movers today: Tesla and Crinetics Pharmaceuticals Tesla is a top pick at Morgan Stanley with Dojo called a $500B wildcard Microsoft rises as Citi opens 90-day positive catalyst watch For further details see...

2023-09-06 23:30:00 ET Summary The primary reason why sentiment might be low is because sentiment tends to lag. If you review past recessions sentiment will always decline during a recession. Real wages tricked us on the upside, then depressed us on the downside. Real wages su...

2023-09-06 11:55:30 ET More on Markets Nasdaq, S&P, Dow fall on Apple drag, strong ISM data and worries over high oil prices Wolfe Research stays defensive as it says markets will trade lower from now to year end Stifel states the S&P 500 will end 2023 at 4,4...

2023-09-02 00:25:00 ET Summary Manufacturers' New Orders for Durable Goods and the PMI (Purchasing Managers' Index) for manufacturers were reported last week. The rule of thumb which has been repeated many times is that when the PMI falls below 50, it forecasts recessions. The...

2023-08-30 14:09:00 ET Summary Some consumer discretionary stocks have performed better than others. Luxury, homebuilding, and travel have been a bright spots. Discounters may begin to do better as consumers seek deals. With a potential recession ahead, what's the ou...

2023-08-30 02:20:00 ET Summary Retailers are preparing for Halloween sales earlier than ever, in part due to concerns about a downturn in consumer spending. At least two large retailers have had Halloween merchandise available since July. We see clear signs of premeditated dec...