Stocks Week Ahead: Retail Sales Set to Follow Suit With Weak Inflation Data?

📆 15/07/2024 08:27:00
📰 Investingcom

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This week won’t contain all of the economic data we have seen the past couple of weeks, but there will be a Q&A session between Jay Powell and David Rubenstein on Monday, July 15, at 12:30 PM ET. I’m not sure that Powell will have all that much new to say following his commentary last week.data came in hotter than expected.

Turning to Friday’s rally and afternoon sell-off, a large $4 billion-plus market on close SELL imbalance weighed. I think the main message is that when the sellers show up, this market is not nearly as strong as it would appear to be. Volume on theETF has been very light recently and, for the most part, below the 20-day moving average. But at least on Thursday and Friday, those volumes did pick up.

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