Direxion Daily Cnsmr Disc... (PASS)

US retail sales growth has been slowing on a sequential basis. Low inventory levels in autos have reduced consumer choice and caused deferrals.

In dollar terms, the jump of $62 billion compared to Q2 last year was the largest ever in the data going back to 2001.

The jobs market has come back somewhat, although gains until now are largely the low hanging fruit Thanks to the stimulus, consumer spending has returned to pre-pandemic levels.

Positive momentum has continued to shine as a forward indicator for technology and consumer discretionary stocks in recent months.

Millennials and Generation Z that have been hard hit economically from the pandemic crisis. The unique health risk to older consumers has forced Baby Boomers online.

Retail sales is the third report for June out of the four main coincident indicators that show whether the economy is in recession or expansion.

Headline sales came in at 7.5% month-over-month to one decimal and was above the Investing.com forecast of 5.0%.

Retail sales and food services spending posted another strong gain in June, rising 7.5 percent from the prior month following an 18.2 percent record surge in May and two devastating declines in March ...

Even before the lockdown wrecked its balance sheet and destroyed its cash flows, intu was a zombie. If intu's cash position had been stronger, it might have been able to ride out the property market t...

This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ