Retail Sales Increase There was an increase in retail sales through April. Retailers sold 0.9% more than the previous month. Taking out autos, retail sales grew by 0.60%. The expectation was for retail sales with and without autos to grow by 1.0% and 0.30% respectively. The fastest growth in sales came from motor vehicles and...
Sharp Reversal Sends Risk Assets Lower The massive rally post-Federal Open Market Committee meeting last Wednesday turned out to be a head fake. This week saw significant losses in risk assets. The S&P 500 was down 8.5% on the week with losses more extreme in higher valuation and cyclical companies. The Russell 2000 was down...
Welcome to Five in Five, a monthly publication from the Investment Team at BTC Capital Management. Each month we share graphs around five topics that illustrate the current state of the markets, with brief commentary that can be absorbed in five minutes or less. We hope you find this high-level commentary to be beneficial and...
