Once again we are starting to see the two leading weekly store sales indexes diverge from one another.
The ICSC-Goldman store sales index was little changed for the week ending August 31. It is now up 2.1% from a year ago (4 week MA) as compared with up 2.3% Y/Y the week prior. The report cites summer malaise for the slowing sales.
The Redbook store sales index had a strong weekly increase and is now up 3.9% year over year (4 week MA) compared to up 3.7% Y/Y the week prior. Redbook saw strength in back-to-school sales, and adds that this week does not yet include sales from Labor Day weekend.
Blue Mountain Credit Fund still in the red YTD; here are their biggest holdings
Blue Mountain Credit Alternatives Fund was up 0.36% for November, although the fund remains well into the red for the year. For the first 11 months, the fund was down 24.85% gross. Q3 2020 hedge fund letters, conferences and more Blue Mountain's fundamental credit strategy was up 0.63% for November, including a 1.09% gain for Read More