Big-Box Retail Earnings, Jackson Hole Highlight Trading Week

Monday, August 19th, 2024Last week was a shot in the arm for market participants craving stability. After a tumultuous previous two weeks — the Fed held firm at interest rates of 5.25-5.50% just as the U.S. labor market looked on the verge of collapse — it was nice to see economic figures and earnings results demonstrate a still-healthy economy with downward trajectories looking more like the “soft landing” the Fed has attempted to engineer.Friday’s trading showed the major three indexes uniformly aligned: ...