Author: Zac Martin, Investment Associate
Week Ending August 16th – Dog Days
- Producer Price Index for July reported below analyst expectations, decelerating to 2.2% year-over-year.
- Consumer Price Index was inline with expectations, moving below 3% year-over-year.
- Retail sales reported better than expected results increasing 1.0% month-over-month.
- Earnings: Walmart reported strong results due to an increase in ecommerce sales. Home Depot saw a decline in the transaction volume and average ticket size. Management highlighted unfavorable weather as a near-term headwind to full year guidance.
The week ahead:
- Leading Economic Indicators (8/19)
- FOMC Meeting Minutes for July (8/21)
- Existing Home Sales (8/22)
- Jackson Hole Fed Meeting (8/23)
- Earnings: PANW (8/19), TGT, TJX, ORLY (8/21)
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