PSL

Consumers Binge Despite Higher Interest Rates, And The Fed Watches Them Nervously

Retail sales in March increased by 0.7% seasonally adjusted, with a year-over-year jump of 4.0%. Total retail sales jumped 10.1% in March from February to $712 billion. Ecommerce, food services, and general merchandise retailers were the biggest drivers of growth.

U.S. Retail Sales Rack Up Solid March Numbers

U.S. Retail sales smashed expectations in March, with total sales up 0.7% and ex-autos up 1.1%. Non-store retailers and bars and restaurants saw the biggest year/year increase. Five out of the 10 consumer-related industries have turned positive. The latest retail sales data reflects strong consumer buying.

U.S. Household Spending Holds Firm

Retail sales beat all expectations. US retail sales rose a very robust 0.7% month-on-month in March versus 0.4% expected. With jobs, inflation, and activity all beating expectations, the Federal Reserve is in no position to cut interest rates. We expect spending and inflation to slow, but the Fed won't be contemplating rate cuts.

Equity Market Outlook Q2 2024: Extreme Distortions Everywhere - A Moment For Active Management

Home Market Outlook Today's Equity Market Outlook Q2 2024: Extreme Distortions Everywhere - A Moment For Active Management. Neuberger Berman: U.S. Economic growth has remained resilient and leads the world. Global Industrial Activity Is Picking Up While Early Signs Of Moderating Growth in Europe. We believe extreme market consensus presents a moment for active management.

Weekly Report: what happened at PSL last week (0408-0412)?

Top quant-rated consumer staples during Q1

Consumer Staples Select Sector SPDR Fund ETF (XLP) gained 4.8% in Q1. The consumer staples sector has been the worst-performing sector in the S&P 500 over the last year. The sector is considered less susceptible to economic cycles than the broader market.

WD-40's Mixed Bag Of Q2: Revenue Miss, Strategic Moves, Raised EPS Outlook & More

WD-40 Company reported second-quarter FY24 revenue of $139.1 million, missing the consensus of $140.5 million. Revenue was up 7% Y/Y on growth across all trade blocs. The company raised its FY24 outlook for net sales to $570 million.

Weekly Report: what happened at PSL last week (0401-0405)?