Retail is a tough business.
https://twitter.com/sallis_joe/status/1877420880516538717
retail
Retail Closures in US Hit Pandemic Levels
by Martin Armstrong Over 6,481 retailers have closed their doors since the beginning of the new year, according to data from Coresight Research in November, but that figure is expected to reach 7,327, marking a 57.8% increase in closures since 2023. During the pandemic, closures exceeded openings by 180 stores …
Stock market optimism clashes with consumer reality: rising retail inventories, declining spending.
Once again, the disconnect between what the stock market is hoping and what the consumer is telling us, is striking. Retail inventories are climbing month after month, and revisions are upward. The consumer is spending less and less and retail inventory levels are climbing… https://t.co/bBT0uZf6Ym — Uncle Milty’s Ghost (@his_eminence_j) …
A great example of retail over confidence in the WSJ
A great example of retail over confidence in the WSJ A guy quit his job to invest full time 6 months ago, which he says is mostly holding MSTR, compares himself “humbly” to Warren Buffet and Charlie Munger. Dunning Kruger effect on full display https://t.co/RrgleWeUG0 pic.twitter.com/xM2TeUQ39A — Novacula Occami (@OccamiCrypto) …
Retail APOCALYPSE! Macys and Foot Locker ARE DOOMED!
Both Macy’s and Foot Locker are 2 iconic American brands that are suffering right now and reporting much lower than expected holiday sales and earnings. Meanwhile, other companies like Walmart and Costco are crushing it and bringing in higher than expected sales. So what’s going on?
China’s retail sales miss expectations. The yuan is fixed below 7.20, and 10-year yields drop to 1.75%, marking the steepest drop since September 2008.
Steepest drop since September 2008. pic.twitter.com/8lMdk43vdb — Financelot (@FinanceLancelot) December 16, 2024 China’s retail sales rose by 3% in November from a year ago, according to National Bureau of Statistics data released Monday, missing the forecast of 4.6% in a Reuters poll. That marked a sharp slowdown from 4.8% growth in the …
Retail traders least worried about a crash since 2006, while billionaires hoard cash and insiders sell.
In a nutshell Buffett and Goldman are calling for a lost decade in the $ES $SPY And it’s because corporate earnings are now 11.5% of US GDP, when he went into cash in 1999 because GDP was 6.5% EPS won’t be able to grow fast enough to outpace inflation and …
Target $TGT got absolutely murdered today. Did it just confirm a retail recession?
Wow $TGT got absolutely murdered today. 💀 — QE Infinity (@StealthQE4) November 20, 2024 Target just reported quarterly EPS of $1.85, 19.5% below expectations of $2.30, on revenue of $25.7 billion, also below expectations. Not only did this market the biggest EPS miss in 2 years, it also marked the …
Oil breaks support; billionaires sell as retail dives in, ominous post-OPEX signs.
Interesting that retail is going all in while the Billionaires are selling. https://t.co/tphFxtfmnX pic.twitter.com/41K26zZY6c — Financelot (@FinanceLancelot) November 16, 2024 Oil just broke two year support: pic.twitter.com/Jr2ZVdyyD1 — Mac10 (@SuburbanDrone) November 16, 2024 Today was monthly options expiration. Back in November 2021, the week after opex was a bloodbath. pic.twitter.com/jsstKNC0Dw …
Retail Sales: Consumers Spend More on Food, Less on Gasoline and Cars
by Mike Shedlock In September, retail sales rose 0.4 percent, up 0.3 percent inflation adjusted. Here’s where consumer spent their money. According to the Census Department Advance Estimate, retail sales rose 0.4 percent in September. Advance estimates of U.S. retail and food services sales for September 2024, adjusted for seasonal variation and …
Retail sales were flat on a year-over-year, not seasonally adjusted basis.
Retail sales were flat on a year-over-year, not seasonally adjusted basis. But sure, keep telling yourself that they were strong. https://t.co/Bk32ws1gam pic.twitter.com/599ZHgCNRB — Neely (@NeelyTamminga) October 17, 2024
Oil prices dip below $70, signaling weakening demand. Economic outlook clouds retail sales.
🚨OIL PRICES CONTINUE TRENDING LOWER AS DEMAND WEAKENS🚨 WTI crude oil is trading below $70 a barrel and is down 7% this month. Since the April peak oil has fallen 28% despite the Middle East tensions. Global supply remains ample while demand drops rapidly weighing on prices. pic.twitter.com/jqRGnligCA — Global …
Two retail analysts travelled to China and came back with three downgrades
Barclays analysts downgraded Adidas, Burberry and Gucci owner Kering following a two-and-half week trip to China in which they grew more cautious on the world’s number-two economy. Analysts Wendy Liu and Carole Madjo said they went to visit brands, luxury malls, retailers, investors and other sector experts. “The sentiment on …
We are now in a toothpaste bubble. Buffett keeps dumping shares. Meanwhile retail: Yeehaw
The AI bubble is over. We are now in a toothpaste bubble. pic.twitter.com/SsAjpcLG7n — Mac10 (@SuburbanDrone) August 28, 2024 https://twitter.com/NorthmanTrader/status/1828769750165668126 Oh my … https://t.co/eHOpXdYhCC — The Great Martis (@great_martis) August 28, 2024 While the average asset manager is 2.5% – 5% MAX – Just a fyi https://t.co/sUAf6vSgrg — JustDario 🏊♂️ …
Wait, the retail sales data is fake?!
Wait, the retail sales data is fake?! 🤯😏 https://t.co/rb4jI96ZGh — Financelot (@FinanceLancelot) August 17, 2024 Every restaurant in my area is dead on Friday and Saturday nights now. Never seen it so quiet, even back in 2008/2009 — Financelot (@FinanceLancelot) August 17, 2024
8 West Village retail condo units face foreclosure after $20M loan default.
🚨8 Retail Condo Units in the West Village Face Foreclosure – The units are at 122 Greenwich Avenue in the West Village…beautiful building – The 8 units were purchased in 2018 for $31mm – Purchase was financed with $20mm loan from Signature Bank – The loans were purchased… pic.twitter.com/cYP8ssJYsG — …
A “Retail Apocalypse” Is Gaining Momentum All Over America. Is Your Favorite Chain Closing Stores?
by Michael Why are retailers closing thousands of stores if the U.S. economy is in good shape? Of course the truth is that the U.S. economy is not in good shape at all. The cost of living crisis is absolutely crushing working families all over the nation, and U.S. consumers simply don’t …
WHO BOUGHT THE DIP MONDAY? NOT RETAIL.
Institutions sold, forced liquidations on retail, and then institutions bought the dip 😂 classic move — Oscar Herrera (@OscarEnjoylife) August 6, 2024 Retail investors were aggressive net sellers on Monday following the sharp equities pullback, with most of the selling occurring in the first hour of trading, JPMorgan strategists noted. …
$VIX, is now trading above 65, up 180%! Yet, retail traders are unable to buy or sell.
https://www.marketwatch.com/investing/index/vix?mod=home-page https://www.marketwatch.com/investing/fund/uvxy?mod=mw_quote_recentlyviewed BREAKING: The volatility index, $VIX, is now trading above 65, a level only seen 2 previous times in history. The only 2 times the $VIX has traded above 65 were the 2020 Pandemic and 2008 Financial Crisis. This puts the $VIX up a whopping 550% from its July …
Retail Sales Stronger than Expected, But Look at the Details
via Mike Shedlock Nonstore sales (think Amazon) were up 1.9 percent from a month ago. Motor vehicles and parts fell 2.0 percent. This behavior has been ongoing since April of 2022. Retail sales from the commerce department, chart by Mish The Bloomberg Econoday consensus expected retail sales would decline by …
Real retail sales down 4%, declining for two years—recession looming? Consumer loans delinquencies are steadily marching higher.
Even $2Tn deficits not working? — Chart Cruncher (@NaughtonPaolo) July 16, 2024 Consumer loans delinquencies are steadily marching higher Unemployment is creeping up Corporate profits are cooling off pic.twitter.com/CsTOmBbGlm — Win Smart, CFA (@WinfieldSmart) July 15, 2024 Trucking Employment Continues to Decline The latest data on trucking employment paints a …
Insiders are selling shares like crazy. Retail investors YOLO-ing NVIDIA stock. $UVXY new lows. Thanks for playing
EUPHORIC SENTIMENT IS AN UNDERSTATEMENT: US households and professional Investors are all-in stocks. Fund Managers are the most bullish EVER. Insiders are selling shares like crazy. Retail investors YOLO-ing NVIDIA stock. This is incredible.👇https://t.co/CtDDeknZSF — Global Markets Investor (@GlobalMktObserv) July 12, 2024 The 1-month implied correlation index is now 3.1… …
Retail traders make up 18.8% of the total options activity, approaching a record –JPM
Retail traders make up 18.8% of the total options activity, approaching a record –JPM pic.twitter.com/5NH1BeXjy1 — Gunjan Banerji (@GunjanJS) July 11, 2024 Net bullish positioning in equity futures among asset managers and leveraged funds has touched the highest level in a decade –JPMorgan pic.twitter.com/9u1OisdWtL — Gunjan Banerji (@GunjanJS) July 10, …
Retail spending slump nearly surpassing ’80s sharemarket crash
New Zealanders are giving up spending at a rate that surpasses the downturn of the global financial crisis (GFC), and is close to passing that of the 1980s sharemarket crash, as well as the tough times of the 1970s. Data released from Worldline on Wednesday shows June was an “especially …
Stocks at all-time highs; insiders sell, retail YOLOs NVIDIA, fund managers and households are most bullish in years.
Professional Investors are all-in stocks, US households are all-in stocks, Fund Managers are the most bullish in years. Insiders selling shares like crazy. Retail investors YOLO-ing NVIDIA stock. What could possibly go wrong? 👇https://t.co/CtDDeknZSF — Global Markets Investor (@GlobalMktObserv) June 23, 2024 U.S. households now have the highest stock allocation …
Retail and fast food chains like Boston Market are closing locations nationwide.
Recent Closures: Dollar Tree announced plans to close 1,000 stores. Burger King also plans to close 400 stores. Other brands have filed for Chapter 11 bankruptcy protection and closed sites across the country.
Retail Sales Were Very Weak in May Counting Negative Revisions
via Mike Shedlock If someone tell you the consumer is strong, please have them read this post. The strong consumer is all a mirage of inflation. Nominal and Real (inflation adjusted by the CPI) retail sales chart by Mish. The Bloomberg Econoday consensus expected retail sales would advance by 0.3 …
The real Fed Funds Rate is now at its highest since 2007, Retail spending in freefall.
The Federal Funds Rate, which is the interest rate at which depository institutions lend balances to each other overnight, has indeed reached its highest level since 2007. As of May 2024, the rate was reported at 5.33%, which is a significant increase from the historic low of 0.08% in 2022. Retail spending in freefall …
Retail Bloodbath: More Than 2,600 Store Closings Have Been Announced So Far In 2024
by Michael Retail stores are being shut down at a staggering rate all over the country. If we stay on the pace that we are on, the total number of stores closed in 2024 will be nearly 40 percent higher than the total number of stores closed in 2023. That …