Stocks Resume Slide

Stocks fell on July 16 after gaining ground in eight straight trading sessions. The SPDR S&P500 (SPY) fell 2.75% on Friday, ending a streak in which stocks gained 7.3%.


Consumer Discretionary Sector Pulls Ahead

Investors are pushing consumer discretionary stocks higher despite questions about the outlook for consumer spending. The Vanguard Consumer Discretionary ETF (VCR) is up nearly 14% on the latest leg of the rally which began on February 9.


McDonalds Earnings are Sizzling

As the rest of the economy struggles with the credit crunch and rising unemployment, McDonalds (MCD) has been on a tear. Cumulative earnings are up 42% over the past four quarters and Q4 appears to be on track with October sales up 8.2%

consumer credit

Consumer Credit Shrinks First Time in 10 Years

Outstanding consumer credit declined at an annualized rate of 3.75% in August on a seasonally adjusted basis according to the Federal Reserve Bank of New York. The monthly decline was the first since January 1998 and only the second since the recession of the early 90s.