The V recovery continues, but at different levels of V-ness………
(more…) Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Shop-Lifting
Dillard’s is having a great day, having received a full-on blessing from no less than Warren Buffett, shoving prices deep into an enormous topping pattern. I actually tried to short some shares after this pop, but there are no shares to be had.
Retail Sectors
Softer Sales
The first of today’s two events is behind us now, with retail coming in weaker than expected. After the big jump in June (up 12.1%) retail growth has become weaker (up 8.3%) and weaker (up 1.3%) and weaker (up 0.7%, the most recent report). So clearly the explosive bounce after the shutdown is dead.
Tomorrow’s Retail
Looking toward tomorrow, we’ve got just about the only scheduled events of the entire month happening – – the Fed meeting/press conference and, earlier in the day, the release of the monthly retail sales report. The hyper-kinetic “V” of the shutdown is well behind us, so the market is anticipating a more drab, dull 1% pop.
