U.S. store sales showed modest gains last week. Stores received a boost from back-to-school shoppers with many school years starting earlier in the South this year, and unseasonably cool weather also encouraged spending. However, discount stores continued to struggle.
The ICSC-Goldman store sales index is now up 2.4% from a year ago (4 week MA), unchanged from the week prior.
The Redbook store sales index is now up 3.4% year over year (4 week MA), also unchanged from the week prior.
Nomad Investment Partnership: Keep An Eye On The Unseen Risks
There are many ways to define risk. Warren Buffett has said that "risk comes from not knowing what you're doing." Q3 2020 hedge fund letters, conferences and more His mentor, Benjamin Graham, believed that risk should be measured as the chance of a permanent capital impairment of an investment. Seth Klarman also holds this view. Read More