ISM Manufacturing Index and Autos vs. Retail When there is robust economic growth, it is generally expected that the autos sector would outperform the retail sector. Image: Goldman Sachs Global Investment Research
U.S. Real Retail Sales and Recession In August, U.S. real retail sales stand at -1.19% YoY. About 70% of U.S. GDP is personal consumption. In the past, real retail sales trended sideways before the recession began.
U.S. Labor Market – U.S. Nonfarm Payrolls vs. Retail Sales Higher payrolls can potentially lead to higher retail sales, as increased income for employees can result in greater purchasing power. Image: BofA Global Investment Strategy
Flows – Retail Money Market Funds As interest rates increase, inflows into retail money market funds continue to exhibit strength. Image: Topdown Charts
U.S. Retail Sales Recent U.S. retail sales data shows that there is a slowdown in consumer spending, which can have a detrimental effect on the U.S. economy. Image: Morgan Stanley Wealth Management
Inflation – U.S. Headline CPI and Retail Gasoline Price Should U.S. equity investors remain bullish as there is a high correlation between U.S. headline CPI and retail gasoline prices? Image: BCA Research
Recession – U.S. Real Retail Sales Is a “recession shock” coming to the United States? Image: BofA Global Investment Strategy
U.S. Retail Inventories Retail inventories in the United States continue to rise. Image: BofA Global Investment Strategy
Performance – S&P 500 vs. Retail Favorites Will retail investor stock picks continue to underperform the S&P 500 this year? Image: J.P. Morgan
S&P 500 Performance and Discretionary Retail Spending (Leading Indicator) The performance of the S&P 500 tends to lead discretionary retail spending by 9 months. Image: TS Lombard