Store Sales Data For The Week Is Strong But Mixed

Store Sales Data For The Week Is Strong But Mixed

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 MountainBlue 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

Store Sales


No posts to display