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Markets to Remain 'Very Volatile,' OCBC's Menon Says
Investors Borrowed Like Crazy During the Rally. Now They're Paying the Price
USA CPI and retail sales will debut, and the US stock market will still be volatile after a terrifying week.
Investors will closely monitor the release of the US July consumer price index (CPI) and retail sales report this week.
Stimulating night! Wall Street bets that the market will shake significantly on the evening of the CPI release.
If CPI is significantly higher or lower than expected, traders will adjust their expectations, which may trigger another round of market chaos. Citigroup warns that US stock market volatility will reach 1.2% when data is released, consistent with Powell's Jackson Hole speech and Nvidia's earnings release.
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