***** HAPPY and HEALTHY NEW YEAR! *****
The Thomson Reuters Same Store Sales Index is expected to come in at 1.8% for December 2016, on
track to post the strongest SSS for 2016, and an improvement from December 2015’s 0.7% result.
Our Thomson Reuters Quarterly Same Store Sales Index, which consists of 80 retailers, is expected to post 1.0% growth for 4Q (vs. 1.4% in 4Q 2015).
Minimum Wages Set to Increase in Many States in 2017 About 4.4 million workers across the country are slated to receive a raise at the start of the year, a shift that may shed light on a long-running debate about the effects of mandated pay increases at the bottom of the wage scale.
Minimum wages will increase in 20 states at the start of the year, a shift that will lift pay for millions of individuals and shed light on a long-running debate about whether mandated pay increases at the bottom do more harm or good for workers.
In Massachusetts, the minimum wage will rise $1, to $11 an hour, a change that affects about 291,000 workers. In California, the minimum goes up 50 cents, to $10.50 an hour, boosting pay for 1.7 million individuals. (…)
Median household income of $58,221 for November just made it back to its 2000 and 2007 levels. (Sentier Research)
(…) It is still early to conclude whether the markets’ reversals have staying power.
“Valuations are high, so we may be in for a little bit of a bumpy road if some expected things like infrastructure spending, corporate-tax reform and deregulation don’t occur or have early momentum,” said Tom Manning, chief executive at F.L. Putnam Investment Management. (…)
Crowded? This is nearly as good as it gets as Ed Yardeni illustrates with these II charts: plenty of bulls, a deserted bear camp and “correction” banned from the financial dictionary.
The blue line below sure needs to stay up!