Stocks Rally Off Weak Inflation Data

Written By Timmy Adami

August 13, 2024

MRKT Matrix - Tuesdat, August 13th

  • Stocks rally as tame inflation data fuels market comeback (CNBC)

  • Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol (CNBC)

  • Home Depot expects sales to weaken as consumers grow more cautious (CNBC)

  • Goldman, JPMorgan Say Markets Pricing in Higher Recession Odds (Bloomberg)

  • Morgan Stanley’s Wilson Sees Few Signs of Bear Market in Stocks (Bloomberg)

  • ‘We haven’t seen the bottom in this correction’: Dan Niles names 2 tech stocks to ride out a potential recession (CNBC)

  • Is Netflix recession resistant? JPMorgan thinks so (CNBC)

  • GM Cuts China Jobs as It Resets in World’s Biggest Car Market (Bloomberg)

Timmy Adami
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