{"id":73417,"date":"2023-10-17T00:37:35","date_gmt":"2023-10-17T04:37:35","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/investors-zero-in-on-health-of-consumer-with-retail-sales-earnings\/"},"modified":"2023-10-17T00:37:39","modified_gmt":"2023-10-17T04:37:39","slug":"investors-zero-in-on-health-of-consumer-with-retail-sales-earnings","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=73417","title":{"rendered":"Investors zero in on health of consumer with retail sales, earnings"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS\/Carlo Allegri\/File Photo<\/span>
\n<\/i>\n<\/div>\n

By Lewis Krauskopf<\/p>\n

NEW YORK (Reuters) – Investors in the coming week will get a look at the state of U.S. consumers – whose spending drives around two-thirds of the economy – with a U.S. retail sales report and earnings due from Procter & Gamble (NYSE:), Netflix (NASDAQ:) and a slew of banks. <\/p>\n

Durable consumer spending has been a key reason for the economy\u2019s resilience in the face of higher interest rates, with a better-than-expected economy supporting stocks this year. The is up about 13% year-to-date, though it has retreated roughly 6% from highs reached in late July. <\/p>\n

Retail sales data, due out on Tuesday, may have to walk a tightrope to satisfy investors. A number that is far stronger than expected could stir fears of a rebound in inflation and bolster worries that the Federal Reserve will need to keep rates elevated for longer. <\/p>\n

Conversely, a weak number could reignite concerns of an economic downturn that the U.S. has so far managed to avoid, despite the Fed raising borrowing costs to their highest levels in decades. <\/p>\n

\u201cIt\u2019s hyper-important to us because that\u2019s really what has been resilient in this economy,” said Art Hogan, chief market strategist at B Riley Wealth. “We really want to see what consumers are doing versus what they\u2019re saying.\u201d<\/p>\n

Retail sales are expected to have risen 0.3% on a monthly basis in September, according to economists polled by Reuters. <\/p>\n

As third quarter earnings season heats up, investors are also on guard for signs that the conflict between Israel and Hamas is widening. Investors headed to safe-haven assets such as Treasuries and gold on Friday amid worries the conflict could intensify over the weekend. <\/p>\n

There have been some signs that consumer strength may be wavering. A survey on Friday showed U.S. consumer sentiment deteriorated in October, with households expecting higher inflation over the next year. The third straight monthly decline in sentiment reported by the University of Michigan was nearly across all demographic groups.<\/p>\n

Major U.S. banks on Friday warned the economy was slowing as customers depleted their savings.<\/p>\n

“There are a lot of questions around how the consumer is holding up,\u201d said Walter Todd, chief investment officer at Greenwood Capital.<\/p>\n

As earnings reports arrive, investors will also focus on comments from bank executives about whether Americans are defaulting on loans and paying back credit card debt. Bank of America reports results on Tuesday, with a number of regional banks expected in the coming week as well.<\/p>\n

Earnings reports from other industries will also offer views on consumer behavior. They include consumer products giant Procter & Gamble, electric vehicle maker Tesla (NASDAQ:), streaming company Netflix, casino operator Las Vegas Sands <\/span><\/span> (NYSE:) and America Airlines Group.<\/p>\n

Todd, of Greenwood Capital, is focused on insight from companies about the cumulative effect of “higher inflation and higher rates on the consumer.”<\/p>\n

“Throw on top of that the student loan payments kicking back up, that should all put incremental pressure on their ability to potentially spend,\u201d he said.<\/p>\n

To be sure, a strong retail sales number could also spark concerns, potentially renewing worries that a too-hot economy will push the Fed to take a more hawkish interest rate stance. <\/p>\n

Such an outcome could extend a rise in Treasury yields that has pressured stocks in recent weeks. The U.S. 10-year benchmark yield currently stands at 4.65%, after hitting a 16-year high earlier this month. Jack Ablin, chief investment officer at Cresset Capital, said he is looking for the benchmark Treasury yield to come “off the boil” and fall to around 4.5%, boosting investors’ appetite for risk. “If indeed we see waning strength in consumer spending, that will likely take some of the pressure off interest rates and the Fed,” Ablin said. \u201cThe conclusions from the consumer next week, I think, is going to be bad news is good news.” <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS\/Carlo Allegri\/File Photo By Lewis Krauskopf NEW YORK (Reuters) – Investors in the coming week will get a look at the state of U.S. […]<\/p>\n","protected":false},"author":1,"featured_media":988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-73417","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nInvestors zero in on health of consumer with retail sales, earnings | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S.,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=73417\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investors zero in on health of consumer with retail sales, earnings | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S.,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=73417\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-17T04:37:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-17T04:37:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/indicatornews_6_800x533_L_1412601562.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=73417#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=73417\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Investors zero in on health of consumer with retail sales, earnings\",\"datePublished\":\"2023-10-17T04:37:35+00:00\",\"dateModified\":\"2023-10-17T04:37:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=73417\"},\"wordCount\":693,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=73417#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=73417\",\"url\":\"https:\/\/ifintechworld.com\/?p=73417\",\"name\":\"Investors zero in on health of consumer with retail sales, earnings | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-17T04:37:35+00:00\",\"dateModified\":\"2023-10-17T04:37:39+00:00\",\"description\":\"\u00a9 Reuters. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S.,\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=73417#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=73417\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=73417#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Investors zero in on health of consumer with retail sales, earnings\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Investors zero in on health of consumer with retail sales, earnings | iFintechWorld","description":"\u00a9 Reuters. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S.,","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=73417","og_locale":"en_US","og_type":"article","og_title":"Investors zero in on health of consumer with retail sales, earnings | iFintechWorld","og_description":"\u00a9 Reuters. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S.,","og_url":"https:\/\/ifintechworld.com\/?p=73417","og_site_name":"iFintechWorld","article_published_time":"2023-10-17T04:37:35+00:00","article_modified_time":"2023-10-17T04:37:39+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/indicatornews_6_800x533_L_1412601562.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=73417#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=73417"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Investors zero in on health of consumer with retail sales, earnings","datePublished":"2023-10-17T04:37:35+00:00","dateModified":"2023-10-17T04:37:39+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=73417"},"wordCount":693,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=73417#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=73417","url":"https:\/\/ifintechworld.com\/?p=73417","name":"Investors zero in on health of consumer with retail sales, earnings | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-17T04:37:35+00:00","dateModified":"2023-10-17T04:37:39+00:00","description":"\u00a9 Reuters. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S.,","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=73417#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=73417"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=73417#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Investors zero in on health of consumer with retail sales, earnings"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/73417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73417"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/73417\/revisions"}],"predecessor-version":[{"id":73418,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/73417\/revisions\/73418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/988"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}