A fair amount of economic news out today has mixed implications for the US economy

Jay Soloff

Argonath Financial

A fair amount of economic news out today has mixed implications for the US economy. First off, retail sales didn't quite come in as high as expected, but the bigger picture still looks good Retail sales rose 0.3% in May compared to the 0.6% expected by analysts. However, the annual change of 4.3% is still very strong. It's the third straight month of +4% gains in retail sales. Meanwhile, jobless claims ticked up slightly (by 4,000) to 317,000, but once again, the annual trend remains stable at roughly -6%. Basically, with retail sales and jobless claims, there's no cause for concern. On the other hand, the spike in the price of crude oil is something to keep an eye on. A sustained rise in gasoline prices during the summer is certainly not a good thing for the US consumer. (VIEW LINK) (VIEW LINK)


MORE ON



Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.