US retail sales are expected to rebound in tomorrow’s March report vs. the previous month, according to The Capital Spectator’s average point forecast for several econometric estimates. The average prediction points to a 0.3% increase vs. the the previous month’s spending total. A gain in consumption for March would mark the first monthly rise so far this year.
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The notion that value outperforms in the long run is a staple in the financial literature, and for an obvious reason: the historical record tells us so. But the last nine years tell a different story, based on the return spread for the Russell 1000 Value Index less the Russell 1000 Growth Index. As AJO Partners in Philadelphia advised in an investment note last week, the current run of growth’s outperformance in the US large-cap space is the longest period of superior results over value since the history of the Russell indexes, which dates to the 1970s.
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● US inflation survey slips in cautious sign for Fed | Reuters
● Obama, Fed’s Yellen discussed economic risks | Reuters
● Buckle up — Q1 earnings look to be awful | CBS MW
● Strong investment flows into emg mkts in early Apr | Reformed Broker
● Why no economic boost from lower oil prices? | Econobrowser
● All the Job Growth is in “Alternative” Jobs | Conversable Economist
● Hedge Funds Abandoning Dollar’s Biggest Bull Run in a Generation | Bloomberg