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- Wholesale Inflation Is A Problem | Armstrong Economics
The Producer Price Index rose 1.3% in September, its largest monthly gain since March 2022, and is running at an annual rate of 6.3%, far above the roughly 0.6% economists expected. Wholesale energy prices jumped 10.8% and producer-level gasoline surged 20.3%, while final demand goods rose 2.6%, the largest monthly increase since the series began in 2009. Retail sales rose 0.8% in September, but excluding gasoline they increased just 0.2%. The author argues inflation has not been defeated, pointing to a 3.7% CPI reading and cost pressures spreading through the economy.
- US consumers withstand rising prices , but for how long ?
Rising gas prices pushed inflation higher, yet American consumers kept spending and supported economic growth. The producer price index jumped 6.3% in September from a year earlier, its biggest rise in nearly four years, with gas prices up 20% in the month and food costs up 1.2% from August. Consumer price inflation reached 3.7% in September, far above the Fed's 2% target. Retail sales rose 0.8% from August but only 0.2% excluding gas, unemployment ticked up to 4.2%, and jobless claims stayed below 200,000. Still, inflation-adjusted weekly paychecks fell from a year earlier, and most Fed officials expect another rate increase this year after it raised rates to about 3.9% in September.
- Stocktwits Retail Therapy: Staples Defy Market Rout In Best Week Since February — Cracker Barrel, Signet And VF Steal The Show
During the week of October 12–16, the Consumer Staples Select Sector SPDR Fund (XLP) rose 5%, its best week since February, while the SPDR S&P 500 ETF (SPY) fell 1.97% and the Invesco QQQ Trust (QQQ) dropped 5.5%. Cracker Barrel (CBRL) gained 20% on the week, extending a 171% year-to-date surge after a leadership change and the reversal of an unpopular rebrand; its fiscal Q4 adjusted EPS of $0.99 beat the $0.18 estimate. Signet Jewelers (SIG) rose 12.6% on reports it is in advanced talks to join a consortium buying De Beers, and VF Corp. (VFC) gained 12% after Truist upgraded it to Buy. On the downside, Kandi Technologies (KNDI) plunged 38% to a near six-year low as it announced a 1-for-10 reverse stock split, Six Flags (FUN) fell 29% to a six-year low after a visitor's death at its Georgia park, and Newsmax (NMAX) lost over 15%.
- Malaga city prepares for Costco opening : memberships launch with special offers
Costco will open its first Málaga store in spring 2027, but membership registration opened Monday, October 19, at a temporary office in the Málaga Nostrum retail park. Annual fees are around €36 for individuals and €30 for businesses and the self-employed. New members who sign up early get a €10 voucher usable within 30 days of the Málaga opening, immediate access to Costco shops and petrol stations in Spain, and an annual renewal extended to spring 2028. The store will cover more than 12,000 square metres, with 5,811 square metres for the general sales area, plus sections for meat, dairy, produce, fish, frozen foods and bakery.
- Amazon.com vs. Walmart: Which Stock Is a Better Buy in 2026?
The article compares Amazon (AMZN) and Walmart (WMT) as 2026 investments, weighing Amazon's high-growth tech, e-commerce and cloud businesses against Walmart's stable physical retail base. For fiscal 2025, Amazon reported revenue of about $716.9 billion, up roughly 12.4%, and net income of about $77.7 billion, with $122.9 billion in cash against $251.6 billion in debt. Walmart's fiscal 2026 revenue reached about $713.2 billion, up 4.7%, with net income of about $21.9 billion, $11.5 billion in cash and $75 billion in debt. The author would choose Amazon for its 28% share of the global cloud market and its role in AI infrastructure, while noting Walmart's AI shopping assistant Sparky and a 23% rise in global e-commerce sales in the second quarter of fiscal 2027. Both face risks, from Amazon's antitrust proceedings to Walmart's exposure to tariffs and geopolitical instability.
- China industrial output, retail sales beat forecasts in September
Industrial output in China rose 5.5% year on year in September, above the 5.4% forecast and up from 5.2% in August, while retail sales of consumer goods grew 1.1%, more than double the expected 0.5%. The NBS manufacturing PMI climbed to 50.1 from 49.8, back above the 50-point expansion threshold. Third-quarter GDP grew 4.5% year on year, beating the 4.4% forecast, and the urban unemployment rate eased to 5.2% from 5.3%. Investment remained weak, with fixed-asset investment down 7.2% over January to September and real estate development investment down 20.6%, while services sales rose 5.0% against 1.0% for goods over the first nine months.
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- Is Visa Stock Still a Buy After Gaining 14% This Year?
Visa shares hit an all-time high of $401, up about 12% over the past two weeks from $359 at the end of September and up 14% year to date. Key catalysts include approval from the People's Bank of China to set up a bankcard clearing institution in China and the move of Visa Direct's stablecoin to commercial deployment on Oct. 15. Baird and BMO Capital both raised their price targets. Visa reports fiscal fourth-quarter earnings on Oct. 27 and has raised its dividend every year since 2009, last year by 14% to $0.67 per share. The author still considers the stock a buy ahead of earnings, citing a forward P/E of 24.
- Five things to watch in markets in the week ahead
Markets start the week with AI stocks under pressure after hotter-than-expected September inflation raised expectations of higher US rates and fed worries about debt-funded AI spending. Last week the Philadelphia semiconductor index fell 11.41% and the Nasdaq Composite lost 4.48%, with CoreWeave shedding about a quarter of its value and Oracle down 9.31%. Earnings are in focus, with SpaceX and Netflix reporting on Tuesday and Meta and Tesla on Wednesday after the close. Netflix reportedly plans to cut around 6% of its workforce, roughly 1,000 roles, its biggest reduction since 2022. SpaceX has also agreed to buy spectrum licenses from Grain Management for about $8 billion, a move into the wireless market.
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