Stocks Notch Best Week of the Year

August 16, 2024

MRKT Matrix - Friday, August 16th

• Stocks rise as market comeback lifts S&P 500 to best week of 2024 (CNBC)

• JPMorgan calls recent sell-off a ‘dress rehearsal’ for what’s to come (CNBC)

• Goldman says keep betting on a ‘soft landing,’ don’t fall for recession or inflation fears (CNBC)

• Markets Are Way Out of Line With Reality, According to These Measures (WSJ)

• Citigroup Calls Time on Popular ‘Trump Trade’ in Bond Market (Bloomberg)

• US Consumer Sentiment Increases for First Time in Five Months (Bloomberg)

• Gold, Oil, and Copper Prices Are Set to Rise, This Energy Analyst Says. What’s Driving Demand Now. (Barron’s)

• The Share of Million-Dollar Homes in America Just Hit an All-Time High (WSJ)

• New US Home Construction Falls to Slowest Pace Since May 2020 (Bloomberg)

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