CNBC·2025-10-27 18:46Market Overview - All three major stock benchmarks (Dow, S&P 500, Nasdaq) reached new all-time intraday highs, driven by a cooling of trade tensions between the U.S. and China, which agreed on a framework to avoid increased tariffs [1] - A surge in mergers and acquisitions across various industries and an anticipated 25-basis-point interest rate cut by the Federal Reserve further enhanced market sentiment [1] - The S&P Short Range Oscillator has moved into overbought territory, prompting a cautious approach to selling and increasing cash positions [1] Retail Sector Insights - JPMorgan's analyst Matt Boss expressed optimism for the retail sector heading into earnings season, supported by Chase Credit Card data indicating sequential growth in U.S. spending, particularly among higher-income consumers [1] - The retail sector benefited from a strong start to August, attributed to the Back-to-School season and early cold weather, alongside conservative expectations set by management teams in the previous earnings season [1] - Boss highlighted off-price retailers, particularly TJX, increasing its price target to $150 while maintaining an overweight buy rating, noting that TJX stores had significant inventory from well-known brands at prices averaging 70% below original [1] Upcoming Earnings Reports - The week marks a significant period for third-quarter earnings, with companies like Nucor, Whirlpool, and Corning set to report their results [1] - The Conference Board is expected to release its latest consumer confidence data, which will provide further insights into consumer sentiment [1]