2024-08-16 05:50:08
Markets
Stocks
Retail
U.S. Stock Market Rallies on Resilient Retail Data
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The Street
Finance
Economy
U.S. stocks rise on optimism over Fed rate cuts, resilient economy, and falling market volatility. Walmart earnings, retail sales, and Atlanta Fed GDPNow forecast to offer consumer insights. July inflation report showed easing headline inflation but steady core prices, tempering rate cut bets. CBOE VIX index fell sharply, signaling market stability. S&P 500, Dow, and Nasdaq futures point to modest opening gains. Benchmark 10-year and 2-year Treasury yields remain elevated. European Stoxx 600 i..
New York Times - Economy
Retail Sales Beat Expectations, Easing Concerns About the Economy
Economy
Finance
Robust retail sales and cooling inflation could ease pressure on the Federal Reserve to cut interest rates aggressively, according to analysts.
The Street
Recession forecasts crushed as economy defies doomsayers TheStreet Daily Newsletter
Economy
Finance
Strong retail sales, falling jobless claims, and high small business optimism have crushed recession fears. Walmart, NFIB, ISM, Atlanta Fed's GDPNow, and falling CBOE VIX signal resilience, but manufacturing struggles. Upcoming events like Jackson Hole, PCE Price Index, and Nvidia earnings will clarify the Fed's rate path and technology spending forecasts, shaping broader market sentiment.
seekingalpha
Stocks Are Still Strapped Into A Rollercoaster
Finance
Economy
Stocks have recovered from a recent sell-off, but volatility remains elevated. The Cboe VIX index, a measure of investor expectations of volatility, is still 30% above pre-sell-off levels. The sell-off was triggered by events like Japan raising interest rates and weak U.S. job data. Certain trading strategies like the "carry trade", where investors borrowed yen to invest in higher-yielding assets, and the "dispersion trade", where investors bet on single stocks being more volatile than the ind..
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