AUTHOR: TOWNE SCHERER.COM/BLOG 4/16/2020: Towne Scherer Private Wealth Management BLOG:
Retail Sales Slaughter-Manufacturing Massacre
An 8.7% month-over-month fall in retail sales occurred in March, says the US Census Bureau, exceeding the projected 8% drop that many economists were expecting, according to FoxBusiness 4/15/2020. Can you say slaughter?
Also…
A massive contraction in the Empire State Manufacturing Survey for April showed to be -78.2 vs the expected -35. Can you say massacre?
And…
Oil Slipping to Low
US crude prices touch an 18-year low, reports WSJ 4/15/2020. Something is slipping…
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material arefor general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.