From ETF Channel: In trading on Monday, shares of the Consumer Discretionary Select Sector SPDR Fund ETF (XLY)crossed above their 200 day moving average of $108.51, changing hands as high as $110.59 per share. Consumer Discretionary Select Sector SPDR Fund shares are currently trading up about 2% on the day.
From Tyler Durden: Update: the National Retail Federation revealed that more than 165 million Americans shopped either in stores or online during the Thanksgiving weekend, slightly surpassing expectations. However, the number was down slightly from last year’s 174 million. The NRF said that the average spend per shopper dropped to $313, compared with $335 in 2017.
From Sweta Killa: Oil price resumed its downward trend after hitting the highest level since 2014 just six weeks back. In fact, U.S. crude dropped for the 12th consecutive session, marking the longest losing streak on record since 1983. Both the U.S. crude and Brent is in the bear territory, tumbling more than 27% and […]
From Zacks: The National Retail Federation (NRF), the largest retail group in the United States, estimates holiday season sales in the range of $717.45-$720.89 billion, excluding automobile, gasoline and restaurants.
From Zacks: The first major storm of this year – Hurricane Florence – started brewing in the Atlantic. The threat has been accredited the Category 4 status (notably category 5 indicates the strongest), meaning winds are likely to blow at speed as fast as 130 mph and can ravage property and lives.
From Zacks: Consumer spending, which accounts for 70% of the economy, rose by 0.4% in July, pointing toward a steady flow of income within the economy. This is the sixth straight month of healthy gains (see all the Consumer Discretionary ETFs).
From Zacks: The equity bull market turned 3,453 days on Aug 22, marking the longest stretch in American history. It means that the S&P 500 has not seen a 20% or more decline during this period.
From Contrarian Outlook: It’s here again: another stock downturn. But don’t worry, because today I’m going to show you a “1-click” way to profit from it (and collect a nice 6.8% dividend while you do).
From Zacks: President Trump has been quite vocal since March on something or the other.
From Invesco: Advance estimates of US retail sales for December 2017 displayed vibrant year-over-year growth of 5.64%, according to the US Census Bureau.1
From Contrarian Outlook: I’m about to show you 3 funds to buy for the raging bull market we’ll see in 2018.
From Dana Lyons: Is the surge in consumer discretionary stocks versus consumer staples sending a risk-on signal for stocks?
Analyst/ETF Trader Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today hones in on some sudden outflows in a number sector ETFs, along with low-volatility funds catching a bid as we head towards fall.
Despite valuations that continue stretch above historical norms, the consumer discretionary sector rode an improved economic environment to become the second best performer in the first quarter.
From Corey Rosenbloom: What signal is money flow across sectors sending, and what’s strange about it? Let’s take a look at our nine Sector money flow model and hear the message from the market.