Weekly Market Recap: January 22, 2024
The week in review
Retail sales: +0.60% m/m
Retail sales ex-auto: +0.40% m/m
The week ahead
4Q23 real GDP (first estimate)
Markit PMIs (prelim.)
Thought of the Week
With 10% of...
Gains Continue After Record High Close
The S&P 500 futures are up 15 points and are trading 0.3% above fair value, the Nasdaq 100 futures are up 85 points and...
Chart Advisor: The Bullish Case for Growth Stocks Now
By David Cox, CMT, CFA, FCSI, FMA and Conor White CMT, CIM
1/ Growth vs. Value
2/ Utilities vs. S&P 500
3/ Pullbacks in Uptrends
4/ Uranium Prices
5/...
Today’s Expiration Clears the Decks
Today is a monthly options expiration. We’ve discussed at length how the advent of weekly and daily expirations has reduced, but not eliminated the...
Fed’s Goolsbee Expects Interest Rates To Fall With Inflation, Says ‘Golden Path’ Is Possible
ZINGER KEY POINTS
Austin Goolsbee of the Chicago Fed envisions a ‘golden path’ for the U.S. economy with declining inflation and potential rate cuts.
Goolsbee emphasizes...
