Focus of Today: US retail sales to report. Bear return or rebound continue?

Moomoo Learn joined discussion · Oct 14, 2022 02:13

Wall Street was scrambling for any possible clues after a miraculous turnaround in markets on Thursday stunned markets.

Why could red-hot CPI data be translated into a rally?

According to Bespoke, the SPX's stunning bottom-to-peak rally on Thursday was the 5th time in $SPY history (since '93) that it closed higher by at least 2% after opening down at least 2%.

SPY fell the next day 3 of 4 times, but it was up over the next week and month all 4 times.

Bespoke

At 8:30 a.m. ET Friday, all eyes will be on a host of key macroeconomic indicators, primarily retail sales data and earnings reports from major U.S. banks.

moomoo Calendar

The US consumer spending, as represented by Retail Sales, is expected to rise by 0.2% MoM in September after recording an unexpected increase of 0.3% in August. The July Retail Volume was revised lower to a 0.4% decline, according to fxstreet.

How would the markets react on the last trading day this week?

Share your opnions with us.

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