Coal In Consumer Stockings Ahead Of Holiday Season

"The stock market today has hit a holiday calm with the VIX not being elevated. We are almost through the third quarter earnings season as 94% of S&P 500 companies have already reported. This was an OK quarter, and we have the FOMC meeting coming up, along with employment, CPI, and PPI data. Maybe there is some coal in consumer stockings with the retail sector ahead of the holiday season. For example, Target (TGT) is expected to see a slowdown," says Michael Zarembski.

Futures

21 Nov 2022

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