September Retail Sales In Focus: Will Strong Consumer Spending Power A 'No Landing' Rally For Stocks?
Portfolio Pulse from Piero Cingari
The upcoming September retail sales report is expected to show a 0.3% month-over-month increase, with some analysts, like Bank of America, predicting even stronger growth. This data could support the 'no landing' economic scenario, suggesting continued economic growth without a significant slowdown. The SPDR S&P 500 ETF Trust (SPY) is closely watched as it nears record highs, reflecting investor optimism. Despite strong retail sales, the Fed is expected to maintain its rate-cut path if disinflation continues.
October 16, 2024 | 7:37 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) is nearing record highs, reflecting investor optimism about the 'no landing' economic scenario. Strong retail sales could further boost SPY as it suggests continued economic growth.
The SPY is a broad market ETF that reflects investor sentiment about the overall economy. The potential for strong retail sales supports the 'no landing' scenario, indicating continued economic growth, which is bullish for stocks. This optimism is reflected in SPY nearing record highs.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80