WEEKLY MARKET OUTLOOK

• Tues: PPI Inflation; $HD Earnings⚠️

• Wed: CPI Inflation; $CSCO Earnings⚠️

• Thurs: Jobless Claims, Retail Sales, NY Mfg. Survey, Philly Mfg. Survey; $WMT $BABA Earnings

• Fri: Consumer Sentiment

- Stocks continued to rebound after last week’s market meltdown as traders awaited inflation data that will help shape the outlook for the Federal Reserve’s next steps.

- Equities extended gains into a third consecutive session. While the consumer price index probably picked up modestly in July, the annual metrics should continue to rise at a slow pace.

- The recent easing of price pressures has bolstered Fed officials’ confidence that they can start to lower borrowing costs while refocusing their attention on the labor market, which is showing greater signs of slowing.

- Investors will be looking for the numbers to land in a sweet spot — cool enough that no one will be second-guessing the likelihood of a September rate cut, but warm enough to push aside the recession concerns that have rattled the markets recently

- Investors will have a brief window to buy the dip in US stocks at the end of this month as selling pressure from systematic funds eases while companies boost share buybacks, according to Scott Rubner at Goldman Sachs Group Inc.

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