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18 Jan 2024

After 13 consecutive YoY declines, US inflation-adjusted retail sales rose 1.4% YoY in December, The first YoY increase since Oct 2022.

Nominal Retail Sales grew 4.78% over the last year, rising just above the historical average of 4.71%. Source: Charlie Bilello

15 Dec 2023

China reports fastest industrial expansion in nearly 2 years; retail sales growth misses estimates

China's industrial production advanced by 6.6% year-on-year in November 2023, following a 4.6% gain in the previous month and beating market forecasts of 5.6%. It was the fastest pace of growth since February 2022. Retail sales climbed 10.1% in November from a year ago, the fastest pace of growth since May — though analysts had expected a 12.5% spike following a low base in 2022. Retail sales rose 7.6% in October. Fixed asset investment in urban areas cumulatively grew 2.9% in the first 11 months of the year, compared to expectations for 3% growth. China’s urban unemployment rate stayed at 5% in November. Source: Trading Economics, CNBC

7 Dec 2023

The race for AI dominance in one graph 👇🏼

GPU Shipments

24 Nov 2023

What Will Americans Buy on Black Friday?

TODAY IS BLACK FRIDAY... Black Friday falls on the fourth Friday of November each year, with Cyber Monday following just three days later. The two shopping days are some of the busiest of the year in the United States, with an estimated $19.6 billion raked in over the 2021 Thanksgiving weekend in e-commerce revenue alone. U.S. shoppers keen to make the most of discounted prices were asked in a Statista survey which items they were planning on buying. As the following chart shows, clothing, electronics and shoes are among the most popular choices this year. In terms of other shopping behaviors, the same survey found that where 41 percent of U.S. respondents said they would be shopping via online stores, 28 percent were undecided and 25 percent planned on heading to brick-and-mortar shops. Source: Statista

23 Nov 2023

$NVDA Apparently, somebody is buying a lot of chips in Singapore

That country now represents 15% of total sales, up from 9% last year. Chinese sanction evasion for higher powered chips? Source: Jaguar Analytics

22 Nov 2023

Existing Home Sales Crash To Slowest Since 2010

Sales actually fell 4.1% MoM (far worse than expected and down for the 20th time in the last 23 months) with September's 2.0% MoM decline revised even lower to -2.2% MoM. That decline left existing home sales down 14.6% YoY... Fewer US existing homes are selling today than at any point since 2010. The 3.79 million annual rate is even below the lowest level of sales during the 2020 covid shutdowns (4.01 million). The chart below by Francois Trahan puts things in greater perspective and shows that when adjusting for population, this is one of the worse housing profiles we have seen in decades. On this "per household" basis October existing home sales data was worse than the lowest reading seen at the depths of the GFC. Source: François Trahan

2 Oct 2023

Tesla dominance in the US electric vehicle market

Source: Vital Knowledge Media

16 Aug 2023

Watchcharts Rolex and Patek second-hand indices are dropping rapidly, down -11.5% and -16.8% respctively over the last 12 months

This is an interesting smooth time series for global economy as it is independent from manipulation and less prone to day-to-day shift in sentiment. Source: www.watchcharts.com

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