Market Strategy

earnings season continues, December retail sales and producer prices

Next week will be a holiday-shortened one, with U.S. markets closed on Monday. However, it will still be a busy week for earnings, with more reports due from big banks and financial sector firms, including Morgan Stanley, Goldman Sachs, Charles Schwab, PNC Bank, and Discover Financial Services, among others. We’ll also get earnings from United Airlines, American Airlines, […]

CPI inflation update, financial sector earnings, consumer sentiment

U.S. equity markets surged on Friday following the latest nonfarm payrolls report, which showed wage growth decelerating in December, suggesting progress in the Federal Reserve’s efforts to tame inflation. For the week, the Dow and S&P 500 rose 1.5%, while the Nasdaq gained about 1%. U.S. Treasury yields fell steeply, with the yield on the 10-year […]
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