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Asia Times

Covering geo-political news and current affairs across Asia

Tag: CVS

Grocery wars weigh on the stock market this morning

by David P. Goldman June 16, 2017February 18, 2020

The biggest losers among S&P sectors are General Merchandise Stores (-7%), Hyper- and Supercenters (-7%), Drug Retail (-5%), and Food Distribution (-4.5%). Deflationary value destruction is at work in the food sector–one more “idiosyncratic” factor plaguing the Fed’s failed inflation forecasts. Amazon is the star performer in the S&P 100, up 3.5% in early trading. […]

Financials are worst performers globally, but consumer sectors bear watching

by David Goldman May 17, 2017February 18, 2020

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