Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Alex Ng is the founder and head of research of the economic and investment research house Fortress Hill Advisors. Prior to founding Fortress Hill Advisors, he worked as an economic research analyst across government, academic, and financial institutes including the Hong Kong Financial Secretary’s Office (Office of the Government Economist), Economic Research Center of the Institute of Asia-Pacific Studies at CUHK, and State Street Global Markets. Alex holds a Master of Arts in Economics degree from Columbia University in the City of New York and a Bachelor of Arts in Economics and Mathematics from Wesleyan University (CT, USA).

Our firm's expertise lies in macroeconomics, global macro,  global thematic research, company and equity research, multi-asset strategy, event driven, and ESG.

We also do proprietary trading on the firm's capital, to try to vindicate our investment thesis. Our flagship publication, Heard from Fortress Hill (HFFH) provides our weekly market observations and is freely available on our website: https://fortresshill-advisors.com/hffh/

Founder & Head of Research

US June 2024 Retail Sales Preview - A Possible Turing Point for the Economy

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<ul>
<li>August retail sales have held up a little better than expected with a 0.1% increase though this is largely because autos were more resilient than industry data had suggested.</li>
<li>Gains of 0.1% ex autos and 0.2% ex autos and gasoline were marginally softer than expected.</li>
<li>Revisions were minimal with June revised down to -0.3% from -0.2% and July revised up to a 1.1% increase from 1.0%.  Core rates were not revised at all.</li>
</ul>


August retail sales have held up a little better than expected with a 0.1% increase though this is largely because autos were more resilient than industry data had suggested.
Gains of 0.1% ex autos and 0.2% ex autos and gasoline were marginally softer than expected.
Revisions were minimal with June revised down to -0.3% from -0.2% and July revised up to a 1.1% increase from 1.0%.  Core rates were not revised at all.


U.S. August Retail Sales Show Resilience