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Deep Value Dividend Growth Index Week 30 Update: Unexpected Opportunity Courtesy Of Amazon’s Game Changing Move | The Mesh Report

Deep Value Dividend Growth Index Week 30 Update: Unexpected Opportunity Courtesy Of Amazon’s Game Changing Move

Dividend Sensei June 20, 2017 Comments Off on Deep Value Dividend Growth Index Week 30 Update: Unexpected Opportunity Courtesy Of Amazon’s Game Changing Move

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Weekly Economic Data Review

The unpleasent trend of strong soft data, but disappointing hard data continues.

Specifically, we continue to see strong confidence, both among consumers and small businesses. Similarly, new unemployment claims (237,000 last week) remain very low and indicate the strongest labor market since 2006. Meanwhile corporate earnings expectations continue to be strong, providing the market with a catalyst for its seemingly unstoppable drive higher.

That being said, the so called “hard data” meaning actual production figures, points to far a far weaker economy. For example, industrial production was unchained and down from a 1.1% year-over-year increase in April.

Meanwhile retail sales were down 0.3% month over month, which was far below expectations of 0%. Similarly, housing continues to drag on the economy with new housing starts and permits being much weaker than expectations.

And then of course there was the Federal Reserves’s totally expected 25 basis point rate hike, as well as a detailed plan for the unwinding of its $4.5 trillion balance sheet (more on this in a seperate article).

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