Our Services
Our People
Account Lookup
Excomp Commentary
Resources
News
Featured News
Financial Briefs
Articles Of Interest
Problem Solvers
Contact Us
Home

Featured News

More Articles  Printer Friendly Version

 

Fickle Financial Headlines Brighten

Retail sales, which drive 70% of U.S. economic growth, rose four-tenths of 1% in August, the U.S. Census Bureau said on Friday morning.

Suddenly headlines changed, growing less grim than they've been lately.

Friday's retail report quelled growing worries reflected in recent headlines in the financial press about the inversion of the yield curve, the 11-month plunge in manufacturing sector activity, the trade-war with China, and a global economic slowdown hurting the U.S. economy.

Friday's report of an increase of 0.4% in total retail sales in August over July was driven by a jump in auto sales.

Total retail sales in August were 4.1% higher than in August 2018. For the three-month period from June through August 2019, retail sales were up 3.7% from the same period a year ago.

The Standard & Poor's 500 dropped fractionally on Friday but was up slightly from last week, closing less than 1% off its all-time record high, set in July.


This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial or tax advice without consulting a professional about your personal situation. Tax laws are subject to change. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. No one can predict the future of the stock market or any investment, and past performance is never a guarantee of your future results.


Email this article to a friend


Index
Economists Expected Q1 U.S. Growth Of 1.6%; It's 2.6%! 
Stocks Close At New High As Business Owner Optimism Surged
Retirement Revolution Unexpectedly Is Boosting Economy
Coronavirus Scare Reveals The Nature Of Stock Market Risk
Leading Indicators Slightly Off Again
S&P 500 Breaks All-Time Record Again
Steady Economy Briefly Drives Dow Beyond 29,000
Why Stocks Shrugged Off Iran Escalation
A Spectacular Year For Stocks
A Case For A Bull Market In 2020
Good Economic News Again
An Unusual Constellation Of Economic Surprises
Longest U.S. Expansion Keeps Rolling
Retirement Income Reality Check
Find The Major Economic Trend Hidden In This Picture
Is The New Record High In Stocks Irrational?

This article was written by a professional financial journalist for Excomp Asset Management, Ltd. and is not intended as legal or investment advice.

©2020 Advisor Products Inc. All Rights Reserved.