Wall Street on Edge Ahead of Key Inflation Data

Written By Timmy Adami

August 12, 2024

MRKT Matrix - Monday, August 12th

  • Stocks wobble as traders struggle to build on last week’s comeback (CNBC)

  • Bear market is coming in 2025, warns David Roche, but the Fed will step in before it turns ‘draconian’ (CNBC)

  • Fed’s Bowman Sees Upside Inflation Risk, Signals Caution on Cuts (Bloomberg)

  • Three-year inflation outlook hits record low in New York Fed consumer survey (CNBC)

  • 5 Big Takeaways From This Earnings Season (WSJ)

  • Market Is Punishing Negative EPS Surprises More Than Average for Q2 (FactSet)

  • Apartments, hockey rinks and Amazon warehouses: Macy’s closures will set off a wave of change at shopping malls (CNBC)

  • Harris Leads Trump in Three Key States, Times/Siena Polls Find (NY Times)

  • U.S. crude oil rallies more than 3%, tops $79 as Pentagon sends more forces to Middle East (CNBC)

Timmy Adami
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