Top 10 things the Club is watching Wednesday, Feb. 15 1. Consumers are still spending . Retail sales for January came in higher than expected. Up 3% month over month versus an expected increase of 1.9%. Ex-autos sales were up 2.3% versus 0.9% expected. Ex-autos and gas sales were up 2.6% versus 0.9% expected. All categories up from December 2022, only electronics and appliance stores fell year over year.
Ex-autos and gas sales were up 2.6% versus 0.9% expected. All categories up from December 2022, only electronics and appliance stores fell year over year. Remember, retail sales are not adjusted for inflation, which of course remains elevated but
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STOCK MARKET NEWS: Futures lower, TSMC shares fall, retail sales on tapTaiwan Semiconductor shares fall after Buffett trims stake. Kraft Heinz and Cisco Systems headline earnings reports. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. 2/15/23: 🇺🇸 42 States have eliminated SALES TAX on Gold & Silver transactions. Banks around the World 🌎 keeps stock piling their Gold Reserves. Sell, Sell, Sell!
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STOCK MARKET NEWS: Retail sales jump, Buffett’s Apple move, Tesla’s charging station shiftThe U.S. consumer is alive in well as spending surged in January, Warren Buffett updates Apple and Taiwan Semiconductor positions, Kraft Heinz and Cisco Systems headline earnings reports. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Treasury (in black) and long-term debt (in gray) de Capital Cities/ ABC.
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