Another week in the books and another week of record highs. Can anything stop this market?
Last week, it was more of the same. Stocks up and new record closing highs. We’ve talked at length about the bullish base case for stocks and that trade continues to work. We’ve also talked about the two bogeymen that could bring this to an abrupt end. Those being interest rates and inflation. Last week, the 10-year Treasury yield didn’t really do too much and the consumer price index didn’t show much inflation. Now, we should always expect a market pullback at any time, but as long as interest rates and inflation behave themselves, then the base case for stocks should have more room to run.
For the week ahead, we do get more inflation data. We get both the producer price index and the import/export price index. So, let’s keep an eye on these reports. We also get retail sales this week, along with a good amount of housing data. It’s a busy week for data releases so let’s see how the market digests it all.
For a more detailed market report head on over to our Insights page. Where there are some of the key economic data points to be released this week. Also, subscribe to our YouTube channel and check out some of our other social media pages.
This has been your Weekly Market Minute, and we’ll see you on Monday – prefer to listen or watch? Check out our video & audio formats below:
Prefer Audio Over Video?
Stay informed on what's going on in the market without getting caught up in the flashy headlines.