Beat the street: US CPI; retail sales; retail earnings; Boeing; Ford
Ahead of a big week for inflation and retail, IGTV’s Angeline Ong is joined by tastylive’s Chris Vecchio to discuss the potential impact of the US CPI print. Boeing, all-sessions, shares rise amid reports of new orders.
(Video Transcript Summary)
Retail market under scrutiny
In the video, beat the street host Angeline Ong, shares important information about trading before the Wall Street Open. She talks about a few different topics that traders should keep in mind. One of these topics is the US consumer price index (CPI) inflation reading.
Another topic is the yen watch, which refers to the value of the Japanese yen compared to other currencies. Finally, she mentions that retail focus in the US is expected to increase, meaning that investors will be paying close attention to how well companies in the retail industry are doing.
VIX remains relatively stable
The volatility index, which helps measure how quickly and dramatically prices are changing, is currently not changing very much. This means that prices have been staying relatively stable lately.
However, the Wall Street and US 500s indexes are showing that the market may open slightly lower. This is because investors are waiting to see the important inflation reading before making any big trading decisions.
One of the experts on the show, Chris Vecchio, explains that the inflation reading is expected to show a drop in price pressures. This means that the rate at which prices are increasing should be lower than before.
US retail market heading for a drop
The Federal Reserve (Fed) is likely to see this as a good thing and may decide not to raise interest rates any further. However, there are concerns about the US consumer market, and with retail sales expected to decline, investors are keeping a close eye on companies like Walmart, Home Depot, Target and Gap.
The show also mentions other important stocks to watch, such as Boeing, Ford and Tyson Foods. The NASDAQ 100 index is expected to go up, and oil prices are likely to stay steady.
This is because while there may be less demand for oil, Saudi Arabia and Russia are voluntarily cutting down on how much oil they produce. The show reminds viewers that the stock market is expected to open cautiously.
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