Daily Archives: Jun 15, 2018 at 07:18 am EDT

Consumer Discretionary Overtakes Tech As Sector Leader In 2018

Consumer discretionary stocks are now the top-performing sector year to date, based on a set of exchange-traded funds through yesterday’s close (June 14). Although technology shares had been the leading sector in 2018, a strong rally this month in consumer discretionary companies has lifted this slice of the stock market to the top performance slot for the year so far. Tech shares overall, by comparison, have posted mild gains in June.
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Macro Briefing: 15 June 2018

US approves second round of tariffs on Chinese goods: Reuters
European Central Bank decides to end bond-buying program: Bloomberg
China’s growth is slowing as gov’t pinches access to easy money: NY Times
Retail spending in US jumped 0.8% in May, the most in 6 months: Reuters
US import prices rose a strong 0.6% in May: Reuters
US jobless claims fell 4,000 last week to 218,000: MarketWatch
Business inventories in the US rebounded in April: MarketWatch
Millionaires, billionaires control nearly half of global personal wealth: Bloomberg
SEC official: bitcoin and ether are not securities: Yahoo Finance
GDPNow estimate of US Q2 growth ticks up to strong +4.8%: Atlanta Fed