A volatile week for markets leaves Wall Street bracing for more big swings ahead of key economic data.
DataTrek co-founder Nicholas Colas wrote in a note Friday morning that a rally of this magnitude following a report like initial jobless claims said "more about the stock market's fragile state and nervousness about economic data than anything else."Renaissance Macro's head of economics, Neil Dutta, agreed. " Markets are clearly on edge," Dutta wrote in a note on Thursday morning. "We are rallying 1.5% today because of jobless claims! That's unusual.
Bank of America's head of economics, Michael Gapen, highlighted in a note to clients last week that a soft retail sales print "may not excite markets, who remain conscious of downside risk."But given the large increase in retail sales in June, a weaker print still "leaves spending on track for a reasonably strong quarter," per Gapen.
And if markets move to price in fewer Fed cuts and bond yields rise following next week's data, that could be a positive catalyst for stocks given the market's"Not only is good news going to be good, I think good news is actually going to be very good, and bad news is going to be very bad," Piper Sandler chief investment strategist Michael Kantrowitz said in a video to clients on Friday.
Justice Secretary Shabana Mahmood has warned the impact of the violent scenes will be felt in the criminal justice system ‘for months and years’We recently compiled a list of the 20 Industrial Stocks Already Riding the AI Wave. In this article, we are going to take a look at where Entegris, Inc. stands against the other industrial stocks that are already riding the AI wave.
After the Royals’ victory over the Cardinals, Salvador Perez smiled and said, “Kind of chilly a little bit. October baseball.”
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