Tuesday, November 19, 2013

Morning Memo: Tuesday, November 19, 2013 UPDATED

This post is an update to our earlier post: Morning Memo: Tuesday, November 19, 2013

  • US...Employment Cost Index inline w/expectations @ 0.4% q/q and 1.9% y/y.  Total employment costs have moderated at around these levels with most of the increases coming from benefits vs wages.
  • ICSC Chain Store Sales ticked up slightly 0.1% for the week, 2.8% y/y following last week's spike of 1.2% w/w.   The four week moving average is trending up after Sept/Oct falling.  Colder weather led to earlier buying of warmer clothes. Forecasts for Q4 y/y growth in same store sales has moderated, @ roughly 2%.  Early discounts already underway
  • American Trucking Association For-Hire Truck Tonnage Index falls in October 2.8% vs Sept, but still up 8% vs last year!
  • In case you missed this yesterday, noteworthy read:  

 Please continue to visit Soos Global Market Musings for updates.

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(Please note: This article is solely meant to be thought provoking and is not in any way meant to be personal investment advice. Each investor is obligated to opine and decide for themselves as to the appropriateness of anything said in this article to their unique financial profile, risk tolerances and portfolio goals).
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