Monday, May 23, 2016

Bonddad Monday Linkfest: Steady Corporate Performers, NY and Atlanta Fed Nowcast; Retail Sector Hurting

NY Fed Gets Into the "Nowcasting" Business (NY Fed)

Atlanta Fed's Nowcast (Atlanta Fed)

“a very strong start to the quarter in February was overcome by softer-than-expected pre-Easter business and then a further deterioration in April versus our plans” —Kohls CEO Kevin Mansell (Department Store)

“post Easter sales and traffic trends softened noticeably consistent with what you’ve heard from many of our competitors.” —Target CEO Brian Cornell (General Merchandise)

“From a macro perspective, we did experience a deceleration in trends through the quarter” —L Brands CFO Stuart Burgdoerfer (Victoria’s Secret)

Daily Chart of XLYs

XLY Advance Decline Line

Two Month Charts of the Largest XLY Members

Daily Chart of the Retail Sector ETF