Dollar General down sharply today.
How can retail sales be weak if wages are rising?
From DJ news:
General Hit by Weakest Sales in a Decade -- Market Talk
14:26 ET - Frankly, Dollar General's (DG) F2Q results weren't THAT bad. But this is an expectations game, and after seeing shares jump 28% in 2016 they will notch their biggest decline since late 2009's return to the stock market. In fact, DG hasn't had a double-digit decline before today; it's at session lows with a 17% decline to $76.17. It hasn't been the most-volatile stock, notching just 3 double-digit stock gains. But when you log the slowest same-store-sales growth since a decline at the end of 2005, investors are bound to sit up and take notice. Dollar Tree (DLTR), which posted its own soft sales this morning, is down 9.1% in what would be the biggest drop since February 2009. (kevin.kingsbury@wsj.com; @kevinkingsbury)
(END) Dow Jones Newswires
August 25, 2016 14:26 ET (18:26 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.- - 02 26 PM EDT 08-25-16
"Slowest same store sales growth"
AND WE HAVE JANET YELLEN SET TO SPEAK TOMORROW IN JACKSON HOLE. AND THE TALKING HEADS HAVE BEEN SCREAMING FOR A RATE RISE FOR MONTHS, IF NOT YEARS.
WILL THE FED MAKE AN HISTORIC BLUNDER?
ANYTHING IS POSSIBLE.
CONTROL RISK,
GH
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