⚠️3 Things to Watch in Markets This Week: -Big Bank Earnings -U.S. CPI Inflation -Retail Sales 👉 $DIA $SPY $QQQ $IWM $VIX
data comes out on Friday, giving investors a more hands-on take on how consumers are responding to the current economic crosswinds. Sales are expected to increase 0.8% month over month, though that number is not adjusted for inflation. The strength of the consumer has been both a driver of inflation and a buoy for bulls in the face of mixed data, and will be an interesting data point here.
Meanwhile, Amazon will have its annual Prime Day on Tuesday and Wednesday, coming against a backdrop where many retailers have had to clear inventory, and where the company has for now maintained some of its pandemic share-price gains, even as it trades close to 52-week lows.Sri Lanka’s President, Gotabaya Rajapaksa, was said to have stepped down in the wake of a protest crowd which ultimately
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