Look What Happened

» Posted by on Oct 9, 2018 in Announcements, Shop Talk | 0 comments

Redbook: A weekly measure of comparable store sales at chain stores, discounters, and department stores. The report offers early indications on ex-auto ex-gas retail sales. Released 10/9/18 at 8:55 AM EDT.  Previous Store Sales Y/Y change 5.7% Actual 6.5 %

Although a very volatile reading the trend has been upward all year. Jan 17 it was posted at 2.6%, June 19 at 4.7%, and now 6.5%. It remains to be seen if a rising interest rate environment will have a material negative impact as many believe.

All the talk has been about these recent downward moves in the major indices due to the climb in yields and the Fed Fund Futures point to an 80% chance the Fed will act again in December. Should the Fed slow down? Or maybe concentrate more on their balance sheet.

Disclaimer: Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition. Information contained, viewed, sent or attached is considered a solicitation for business.

Submit a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comodo SSL