After the quietest 8 days in S&P history since 1964...
The broad market index managed to limp quietly to a new record close on Friday after a very mixed payrolls print.
However, despite the volumeless spike to record highs, it appears the week's dismal data..
As Bloomberg notes, to say the S&P 500 Index’s slog to a record this week failed to ignite animal spirits on Wall Street would be an understatement.
Authored by Mark Melin via ValueWalk.com,
There is a slow creep in delinquent credit that is starting to get noticed. The special-servicing and delinquency rates for securitized commercial mortgages rose again last month, Commercial Mortgage Alert first reported. While the rise was reasonably contained, it is the trend of commercial underperformance that is causing a mild degree of concern. The data on Commercial Real Estate comes as investors are closely watching the prospects for retail malls across the country.
The system used by the Dept. of Education to collect on defaulted student loans came to a standstill in the last month, leaving an estimated 91,000 accounts in limbo, when the agency ordered debt collectors under contract to stop making collections on accounts.
With the 52nd Berkshire Hathaway annual meeting - dubbed the "Woodstock for Capitalists" which is "unique in corporate America, a celebration of the billionaire's image and success" - now in the history books, all that's left are the quotes and avuncular aphorisms.
The steady rise of online retail sales should have surprised no one. As Visual Capitalist's Jeff Desjardins notes, back in 2000, less than 1% of retail sales came from e-commerce. However, online sales have climbed each and every year since then, even through the Great Recession. By 2009, e-commerce made up about 4.0% of total retail sales, and today the latest number we have is 8.3%.
Here’s another knowledge bomb: it’s going to keep growing for the foreseeable future. Huge surprise, right?
Courtesy of: Visual Capitalist