Markets in a Minute - Heat Waves

Insights | Markets in a Minute - Heat Waves

Author: Zac Martin, Investment Associate

Week Ending June 21st – Heat Waves

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  • Retail Sales for May fell short of analyst expectations only growing 0.1%, or 2.9% year-over-year. The increase was led by hobby related goods and offset by gas stations & furniture stores.
  • Industrial Production grew above expectations to 0.9% for May. All industry groups increased; however, mining saw an increase with oil related products offset by a decrease in metals. Likewise, manufacturing saw an increase in wood products, machinery and electronic products; but a large decrease in furniture.  
  • Leading Indicators for May saw a decrease of -0.5% to bring the Index to 101.2. While not signaling a recession, this month’s report was brought lower due to consumer sentiment around the economy and new orders.

The week ahead: 

  • Consumer Confidence (6/25)
  • Building Permits &  New Home Sales (6/26)
  • GDP for Q1 (6/27)
  • Personal Consumption Expenditure (6/28)
  • Earnings: FDX (6/25), GIS, MU (6/26)

HORAN Capital Advisors, LLC is an SEC registered investment advisor. The information herein has been obtained from sources believed to be reliable but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results. Market conditions can vary widely over time and there is always the potential of losing money when investing in securities. HCA and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only and is not intended to provide and should not be relied on for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.