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Ball In Yellen's Court As Retail Sales Rebound Driven By Rising Gas Prices
Retail sales bounced back once again from the April dip after March's miracle recovery. Up 1.2% (against 1.2% expectations) this is the highest MoM gain since March 2014. Ex-Autos rose more than expected (as did the control group) but the biggest drivers of the gains MoM was gas prices rising - so that's a positive? YoY the biggest drivers of retail sales gains were Autos (+8.2% thanks to shoddy credit) and Food Servce (+8.2%). Crucially this 'good' news brings forward the chances of a September (or even July) rate hike.
Finally, after posting some of the worst numbers since the recession, the control group which feeds into the GDP calculation finally rebounded modestly, printing at 0.7% M/M, above the 0.5% expected, and up from 0.1% last month.
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"I got friends in low places
Gonna head on down to the Oasis...
93 million unemployed people all out hoarding gas and 22 LR ammo.
...and the free money for bankers and financiers continues...
get long guillotine manufacturers, beat the rush.
Haha, bitchez trying so hard to push silver under $16 but it just ain't happening! The exodus out of paper is approaching escape velocity.
Yup, grab some starbucks, buy some silvers, and you're in the game... :D
gasoline been going up since November
Check the historic Oil prices during the political cycle, you'll know which way to bet....
(I assure you the prices will skyrocket soon enough...)
My Guess: Barring any catastrophe the Fed will raise rates this Sept. The markets expect it and are ready to accept it. Liquidity will continue to evaporate and the market will be directionless as volume shrinks. Wall Street media will attempt to churn the news to drive trading and of course workers 401K's on autopilot will help feed their hungry system. Slow times ahead for growth stocks. The 10y yeild will function as the traffic light.
Imitation is the sincerest form of flattery.
janet must raise rates! (laugh track deafening)
Commodities had the call all morning long. Bond yield popped only to be smacked down by the powers that be. I guess 2.5% is too hot for the Fed. Last of the tax return cash being burned.
2.5 %? anyone remember the 80's? LOL! Yes, the free money for bankers and financiers continues...
everyone else can suck it...
Get long guillotine manufacturers, beat the rush.
...all those tax refunds being spent on 223 and storable food
ah yes. gas prices down, bad. gas prices up, good.
oil production up, prices up. oil production down, prices down.
the world is fucking upside down.
Ah, so that's why I'm getting slaughtered.
So you're the crazy bastard!
You don't need us to tell you that gas prices are back on the rise.
https://www.youtube.com/watch?v=dAkxR9T01pw
Coca-Cola has gone full Soviet on their 16.9 oz plastic bottles. The plastic is so thin that some unopened bottles will leak if turned on their sides. Meanwhile, executive suite salaries recently increased.
I just know if/when the Fed hikes, it will be a positive for the market. Everything is positive, has been since '09. Funny how the market didn't go down leading up to the Greek problems, but now with a deal on the horizon, market goes straight up. It's a complete joke.
hobbit cunt bitch whore
The Chapwood Index (which reports the unadjusted actual cost and price fluctuation of the top 500 items on which Americans spend their after-tax dollars in the 50 largest cities in the nation) has been averaging more than 10% increase a year for the last four years.
Is it any surprise then that retail sales are increasing especially with a surge in gasoline prices and very low interest rates on purchases on big-ticket items like autos?
As for rate increases, let's remember:
No rate normalization in my lifetime Bernanke
http://www.zerohedge.com/news/2015-05-29/inaccurate-statistics-and-threa...
Meanwhile, UK housing sales grind to a halt:
Housing market grinds to a halt as sales hit lowest level since 1978
http://www.telegraph.co.uk/finance/property/house-prices/11666634/Housin...Pull that trigger J.Yell.
You know you want to.
The market is telling her it is okay, so she will. Just needed a little nudging for her confidence.
Imitation is the sincerest form of flattery.
But but, Hilsenfuck says we're not spending!
Does he want to amend that hit piece. Stupid twat.
Rising gas prices are not an increase in retail sales. More bullshit from the most courrpt group on the planet!
We lost some US petrodollar recycling folks. Allow them to hike gasoline prices. They didn't learn how it affected a slumping retail market in 2008.
Bring it on central planning bitchez. I'm not the terrorist as White House pins, still fill up my 7 MPG automobile fleet too keep Henry Kissenger's USD universal currency dominant.
Can you see the humor in climate change argument?
they're not raising rates this year. the economy is like a ball sitting precariously on the head of a pin. one ripple and it falls off. they'll keep jawboning though to see if they can gauge market reaction.
There will be no rate hike.
They will print until the Dollar has negative value, like bonds do now.
Where's Goldilocks when you need her?
"Crucially this 'good' news brings forward the chances of a September (or even July) rate hike."
The last thing 'derivatives' need is a rate hike, but then.......this could be the excuse they've been looking for to spring the crash! The IMF can't carry on digging down the sofa for crumbs to give Greece, to avoid them defaulting and crashing the banking system?
Without a rate hike, that is at no rate, the FED becomes or is pweerless and a deflationary depression will ensue. Any interest rate is better than none.
The act if raising the rate is power, as the market wants none and wants more 'free money'. Congress can't be saved anymore as a no rate or negative rate is indicative of utter corruption and no fiscal policy by congress. The FED has to start undoing this mess and demand that Congress in-act user taxes, such as a percentage fuel tax that is greater than the present tax that covers all transport that the governent is committed to and what best to use for this but the threat of upping the rates in a punitive manner if congress will not act (more risk, higher rate).
If the FED is to be the Emperor, then congess (the Senate) needs to be forced at times, just like the 'old days'. Not much has changed, history is just repeating old cycles.