Stocks are starting to move higher heading into the new trading week on the heels of what has been a generally terrible stretch for the market.
We got the latest Retail Sales data this morning, which came in at 0.2%, well under expectations of 0.7% and even under the range of 0.4% to 1.0%.
We also have the latest Federal Open Market Committee meeting starting Tuesday, but we already know we’re not getting a rate. We could get some clues as to future rate cuts once the meeting concludes followed by comments from Chair Jerome Powell at 2:30 p.m. ET on Wednesday.
Much of the fallout is over the uncertainty of what Trump will say or do with tariffs.
The U.S. dollar is also still falling…
I’ll cover all that, my daily hitlist of longs and shorts and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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