Investment Chronicles
Several big chain stores warn U.S. consumers are pulling back (from CNN Business on June 1)…
Macy’s, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy. Macy’s (M) on Thursday cut its annual profit and sales forecast after customer demand slowed. “The US consumer, particularly at Macy’s, pulled back more than we
These signs cast doubt on the “new bull market” narrative (from The Lead-Lag Report on June 2)…
With that cloud of [debt ceiling] uncertainty likely behind us now, are short-term conditions back to favorable? AI mania is running wild. The Nasdaq 100 is up more than 30% year-to-date. The recession narrative continues to build slowly, but nothing appears imminent. The VIX is still near 2023 lows. It sure looks like we’re back
Research from Bank of America suggests stock market earnings are likely to continue to weaken in the months ahead (from The Daily Shot on June 5)…
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Jeffrey Kleintop, Chief Global Investment Strategist at Charles Schwab, warns that the U.S. is in a “cardboard box recession” (from the Charles Schwab International Mid-Year Outlook: Global Stocks and Economy on June 5)…
During the typical global recession, all areas of the economy (like manufacturing, services, retail, construction, and trade) tend to turn down around the same time. Yet, over much of the past year, only manufacturing and trade seem to be in a global recession, according to indicators such as industrial production, worldwide trade volumes, job growth