U.S. retail sales rose in October for a third month, signaling households continue to spend even with the fastest inflation in decades.

The value of overall retail purchases increased 1.7% last month, the most in seven months, following an upwardly revised 0.8% advance in September, Commerce Department figures showed Tuesday. Excluding gas and motor vehicles, sales gained 1.4% in October. The figures aren’t adjusted for price changes.

The median estimate in a Bloomberg survey of economists called for a 1.4% advance in overall retail sales. Stock futures wavered while the 10-year Treasury yield fluctuated and the dollar was little changed.

The broad-based gain in spending highlights how elevated savings and rising wages have helped Americans sustain a robust pace of merchandise spending. Though total retail sales are well-above pre-pandemic levels, a recent inflation-driven collapse in consumer sentiment risks a future tempering in demand.

U.S. prices are rising at the fastest pace in 30 years as businesses pass on growing labor and input costs to customers, but it’s hard to tell just how much that’s impacting demand since the figures aren’t adjusted for inflation. Inflation-adjusted consumer spending data for October will be released next week.

Of course it jumps. 

People are buying and hoarding as if the factories are not making any more stuff during pandemic.

The inflation numbers that just came in last month also signified this problem.
They are raising prices and blamed it on supply chains or logistics.

This feedback loop probably will go on for a while and it affects everyone globally including China where stuff are made.

IMO, US households got too much junk already. They need to cut back and taper down and let this mad consumerism
behavior die down.

Shares of salad chain Sweetgreen closed up 76% Thursday afternoon, surging in the company’s public market debut.

The stock opened at $52 a share, giving the company a market value of more than $5.5 billion. The company priced its initial public offering at $28 a share Wednesday evening, above its marketed range of $23 to $25 per share. Sweetgreen sold 13 million shares, raising $364 million for the company.

The stock is trading on the New York Stock Exchange under the symbol “SG.”

Founded in 2006, Sweetgreen has found a loyal customer base with its menu of customizable salads and warm bowls that appeal to consumers looking for healthy, convenient options. The chain has also leaned into technology, pushing its customers to order their salads online to cut down on lines inside restaurants. More than two-thirds of its revenue comes from digital sales.

“We like to say we want to build the McDonald’s of our generation,” said co-founder and CEO Jonathan Neman on CNBC’s “Squawk Box.”

In the fiscal year ended Dec. 27, Sweetgreen reported a net loss of $141.2 million on revenue of $220.6 million, according to its prospectus. The chain’s same-store sales shrank 26% during that time after climbing 15% in the prior fiscal year.

This year, the chain has rebounded from pandemic lows. Same-store sales have risen 21%, as of Sept. 26. Its losses narrowed to $86.9 million from a loss of $100.2 million in the year-ago period.

good idea to buy FB with the dip?

Especially since btc was 69k,

Thanks elon

US no balls to sanction Russia oil... because will tank own economy faster... lol

no principles... just self interest...

Well that's democracy for you, they scare run away inflation and later loses mid term.

Whereas Russia dgaf, just invade while their index crashes.

Ukraine wanna ban nord stream 2... join nato... believe us & nato will help fight Russia... refuses to nego with Russia... this is always dead end road

US stirring up shit as always... only they can invade others... lol

anyways the relief bounce should be short lived... market should continue to tank after...

Even got balls to sanction also no use as Russia has already circumvent and protect themselves via alternative methods to run around sanctions 

North Korea and Iran economic sanctions should tell you how on earth to circumvent the economic sanctions 
Which is why rate hike is the real issue not Ukraine invasion 

yeah you can call China's silk road and excerting economic pressure a form of invasion...   not that I forget or ignore... but its different issue to the current war...

anyways... volatility is usually not the moms and pops traders...  but the huge hedge funds with deep pockets manipulating...

Berkshire is a class act   

Current high oil price is largely resulted of controlled production by opec+ countries. one easier solution to reduce oil price is to increase oil output by saudi, iraq, etc. however, after u.s withdrew from iraq and afghanistan, biden has little leverage over mbs. contemporary history show, elevated oil price over an extended period of time will push the global economy into economic recession.

many failed to realize their everyday life is better off with u.s intervention in the middle east.

US is actually the big culprit in a lot of world problems... practically all the modern era coups and regime changes destabilize countries and regions are direct or ndirectly by them

You can say lesser of 2 evils... but we won't know because never went the other path...

dude... i already agreed with you in post 9095...

but current war is russia and ukraine...a consequence of US meddling... my discussing US is on-point... you trying to bring in China is a red herring and misdirection... hence no reason to discuss further here...

curios why won't you wanna discuss US but instead keep bringing in china?... china is what it is today also because of western meddling, for this history i suggest you read and understand the opium wars, and also kuomintang "looting" of china and escape to taiwan...

right now US wanna punish china...because "friend" with russia is a good reason... lol
anyways... full support for US unlimited printing and pumping into market 

he was an ok guy until 2007 according to this... now he is just jaded, pushed to a corner, fighting back...

russian foreign reserve back in 2007 was much lower.
Pudding is unlikely to stop at ukraine. the invasion is the very reason ukraine should have joined nato years ago.

expansion of nato is the reason for current war... lol...

anyways... 30 more mins to London open... cheers

Facebook at 15x PE. What a good buy. It is the lesser of 2 evils when compared to TikTok china company when it comes to regulators. And you have Coca-cola at 28x PE like it’s a growth stock even tho they have been pretty stagnant recently topkek

go check nickel price

markets look OK to me... it's moving relatively predictable on big timeframe

Opening is always tricky... you have futures and spot trying to sync... plus lots of panic buying/selling... a lot of news and economic reports hitting the streets...

a lot of volume has gone to the new micro e-mini

the previous 4 charts are book depths... this chart is volumes... they are different things no?

I can only say interests in ES has declined looking at book depths... and vol in MES has plateau... doesn't imply a broken market

I did say a lot of volumes are now in micro minis... implying the micro's order book needs to be filled up as well... assuming no new monies inflow to this futures market.. decreases in mini's should match increases in micro's... but there's also a flaw in this assumption... as ppl probably moved their money to others... like commodities, metals, etc...

just to add... imho market is ok because market structure is intact... after every swing high/low comes a retrace... support and resistance are there... put to call ratios are normal... etc...

the 5 to 10 minutes of London and Ney York open are always a wild ride...

last time 1 coffee shop... now got 2... surely some ppl from shop 1 go shop 2...

rising rates remove liquidity too... so it fits with your data... anyways I have no interest in this... cheers

At least five Pimco funds sold the CDS to investors, according to a Financial Times analysis of the asset manager’s holdings at the end of 2021. Pimco also holds more than $1.5bn of government bonds tied to the Russian Federation, according to aggregated holdings data from Bloomberg.

Pimco sold the CDS to investors wanting protection against a potential default and collects premiums on the insurance-like product. In doing so, it effectively wagered that Russia would pay its creditors. The positions mean it stands to lose twice over — first on its own bondholdings and then on the CDS payouts — should Russia default.

Pimco has already marked down the positions based on current market valuations, though they could still recover.

The magnitude of the sums are a reflection of Pimco’s size and its huge presence in the bond and CDS markets. The firm had more than $2.2tn in assets under management at year’s end. Pimco declined to comment.

The majority of the CDS sit in the marquee $140bn Income fund, run by chief investment officer Dan Ivascyn, alongside Alfred Murata and Joshua Anderson.

The fund disclosed that it had written $942mn of CDS protection on Russia by the end of 2021. The other funds to hold positions include Pimco’s Total Return bond fund, its Emerging Markets bond fund, Diversified Income and Low Duration income funds