|
|
|
15.08.25 - 15:01
|
′Real′ Retail Sales Rise For 10th Straight Month In July (ZeroHedge)
|
|
'Real' Retail Sales Rise For 10th Straight Month In July
'Brace yourself for a big beat' is the message from BofA's almost omniscient analysts ahead of this morning's retail sales print for July...
But, for once, the BofA team were not spot n as headline retail sales rose 0.5% MoM (slightly less than the 0.6% exp), but, perhaps some credence remains for BofA's team as June's 0.6% rise was revised up to a 0.9% MoM jump. This is the second bigly month of retail sales gains with sale sup 3.9% YoY...
Source: Bloomberg
Core retail sales, ex Autos and Gas, rose jst 0.2% MoM (buit also followed a large upward revision) with the Control Group Sales (which slides into the GDP calculation) rising 0.5% (better than the expected 0.4%) and also seeing June revised up significantly. This leaves YoY sales up 4.8%...
Source: Bloomberg
Motor Vehicles and Parts Dealers saw sales rise most MoM...
On a YoY basis, the control group ticked up while headline slowed...
Source: Bloomberg
Under the hood, misce...
|
|
15.08.25 - 15:01
|
Futures Flat Ahead Of Retail Sales, Trump-Putin Summit (ZeroHedge)
|
|
Futures Flat Ahead Of Retail Sales, Trump-Putin Summit
US equity futures are slightly higher , hovering near all time highs as traders bet that data on Friday will bolster the case for interest rate cuts even as the latest BofA card data hints at a big beat in today's retail sales print (see preview here); tech stocks lag. As of 8:00am S&P futures are 0.2% higher following back-to-back record closes earlier in the week, with Nasdaq futures modestly in the red after incremental headlines since yesterday's close which were net negative, with soft guidance from AMAT on uncertain macro environment in Semis and weaker China activity data. Pre-market, NVDA fell 0.3%, with the rest of Mag 7 moving higher; Health Care and Financial are outperforming. Intel rose more than 3% in premarket trading on a report that the US government may buy a stake in the struggling chipmaker. US Treasuries are mixed, with the yield on two-year notes falling one basis point to 3.72%. The yen led gains among major c...
|
|
|
13.08.25 - 22:48
|
Bank of America Lowers Treasury Yields Outlook | Bloomberg Markets 8/13/2025 (Bloomberg)
|
|
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Bank of America Securities Head of US Rates Strategy Mark Cubana, McLarty Associates Senior Managing Director of Trade Practice and McLarty Inbound Kate Kalutkiewicz, Raymond James and Associates Managing Director of Equity Research Simon Leopold. (Source: Bloomberg)...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|