Retail Sales Is The Next Big Number
This will be a potentially busy week of catalysts: Tom Essaye Quoted in Barron’s
S&P 500 Notches Record Close as Stocks Rally
Retail sales and producer price inflation later this week could serve as the next major test for stocks, as traders continue to hope interest rate cuts will begin in the second half of the year.
“Retail sales is the next big number and then we’ll go from there,” Sevens Report Research’s Tom Essaye told Barron’s. “But for now, the script is still in place. The issue markets have is that it’s already also priced in, so we need to find the next news catalyst.”
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