Retail Sales Outlook

[Guest]

imported post

No problem.

Hey Xmas or Holiday Day or whatever is the PC way to call it now...

.01 increase in retail sales

and .02 increase in business inventorys

11 days prior to Xmas is not a very bullish thing at least to me - I believe that was a reason for people to mark up the market for todays fun.

I went to Walmart at 1pm on Saturday and felt like a VIP...I was all by myself -two weeks prior to Xmas???

I believe Monday was a mark up day and hope people in G fund did not take the carrot and waited for the trade balance report today.

I hope I am wrong...but my instincts are normally pretty good.

Have a great day!

Bill



Rod wrote:

MarketTimer wrote:

Wish I was in the G fund .

I betcha do!:'

Sorry... couldn't resist.

 

[Mike]

imported post

That pullback darn near hit my first entry point of $14.63. :shock:

I should've smelled a rat when it shot past $15 per share, but as I've stated before, I'm just not that bright and need to learn the hard way. :^

I'm going to make amends for last week's stupid moves that ate away some of my nice gains in the last month... by doing nothing.

 

[vectorman]

imported post

You can't play unless you keep chips on the table. C,S & I still in an upward long trend, even though I fund had a pull-back.

 

[Rod]

imported post

MarketTimer wrote:

Wish I was in the G fund .

I betcha do!:'

Sorry... couldn't resist.

 

[Guest]

imported post

MarketTimer wrote:

Wish I was in the G fund . Oh yeah, I am . No recession here...no inflation in the works and all is well.

Put the rosy color glasses on my lab rat.

Morpheus






Retail Sales

The Commerce Department's report tomorrow on retail sales will show a second monthly decline in automobile purchases. Vehicles sold in November at a 16.4 million annual rate, the slowest since June, after October's 17 million pace, industry figures show.

General Motors Corp., the world's largest automaker, is cutting production in the first quarter by 7.1 percent, while Ford Motor Co. will reduce North American output by 7.7 percent. Vehicle production at General Motors has declined 5.1 percent to 4.68 million vehicles through the first week of December from a year earlier, according to Automotive News, a trade publication. Ford's North American output fell 7.6 percent to 3.28 million.

Excluding automobiles, retail sales are forecast to increase 0.1 percent in November, less than the 0.9 percent rise a month earlier. Receipts at filling stations last month were probably lower, reflecting a drop in gasoline prices. A gallon cost $1.99 at the end of the month, compared with $2.08 at the start, according to figures from the Energy Department.

Clothing sales, which increased 3 percent in October, probably slowed last month, according to economists at Lehman Brothers.

Consumer Prices

Sales at chain stores open at least a year rose 1.7 percent in November from a year earlier, the second-smallest gain in 20 months, according to the International Council of Shopping Centers, a trade group based in New York. Almost half of 69 chains tracked by the council had declines.

Retailers are responding. J.C. Penney Co. offered discounts of as much as 50 percent on women's dresses a week ago to get shoppers to spend more. Federate Department Stores Inc. and Sears, Roebuck & Co. have also stepped up discounts.

That's keeping a lid on consumer prices. The Labor Department is forecast to report on Dec. 17 a 0.2 percent rise in the consumer price index in November after a 0.6 percent jump. Excluding energy and food, prices probably rose 0.2 percent for a second month.

Forecasts

The U.S. trade deficit widened in October to $53 billion from $51.6 billion a month earlier, a report from the Commerce Department is likely to show. The current account deficit, the broadest measure of trade because it includes investments, probably widened in the third quarter to $171 billion from $166.2 billion.

Housing starts are forecast to decline to 1.98 million at an annual rate in November from 2.027 million a month earlier. Home construction has averaged 1.95 million at an annual rate so far this year.

Interesting that you never show where you copy your info from, you may want to find another source. ..................

 

[Guest]

imported post

Wish I was in the G fund . Oh yeah, I am . No recession here...no inflation in the works and all is well.

Put the rosy color glasses on my lab rat.

Morpheus






Retail Sales

The Commerce Department's report tomorrow on retail sales will show a second monthly decline in automobile purchases. Vehicles sold in November at a 16.4 million annual rate, the slowest since June, after October's 17 million pace, industry figures show.

General Motors Corp., the world's largest automaker, is cutting production in the first quarter by 7.1 percent, while Ford Motor Co. will reduce North American output by 7.7 percent. Vehicle production at General Motors has declined 5.1 percent to 4.68 million vehicles through the first week of December from a year earlier, according to Automotive News, a trade publication. Ford's North American output fell 7.6 percent to 3.28 million.

Excluding automobiles, retail sales are forecast to increase 0.1 percent in November, less than the 0.9 percent rise a month earlier. Receipts at filling stations last month were probably lower, reflecting a drop in gasoline prices. A gallon cost $1.99 at the end of the month, compared with $2.08 at the start, according to figures from the Energy Department.

Clothing sales, which increased 3 percent in October, probably slowed last month, according to economists at Lehman Brothers.

Consumer Prices

Sales at chain stores open at least a year rose 1.7 percent in November from a year earlier, the second-smallest gain in 20 months, according to the International Council of Shopping Centers, a trade group based in New York. Almost half of 69 chains tracked by the council had declines.

Retailers are responding. J.C. Penney Co. offered discounts of as much as 50 percent on women's dresses a week ago to get shoppers to spend more. Federate Department Stores Inc. and Sears, Roebuck & Co. have also stepped up discounts.

That's keeping a lid on consumer prices. The Labor Department is forecast to report on Dec. 17 a 0.2 percent rise in the consumer price index in November after a 0.6 percent jump. Excluding energy and food, prices probably rose 0.2 percent for a second month.

Forecasts

The U.S. trade deficit widened in October to $53 billion from $51.6 billion a month earlier, a report from the Commerce Department is likely to show. The current account deficit, the broadest measure of trade because it includes investments, probably widened in the third quarter to $171 billion from $166.2 billion.

Housing starts are forecast to decline to 1.98 million at an annual rate in November from 2.027 million a month earlier. Home construction has averaged 1.95 million at an annual rate so far this year.