Are the new retail investors here to stay? | One year since pre-Covid market peak | Cramer's week ahead
EDITOR'S NOTE
Rising interest rates and inflation should remain important buzz words for markets in the week ahead. Retail sales for January is a key report Wednesday, and that and Walmart's earnings on Thursday should provide a look into how the consumer is faring. The economic calendar is busy with producer price index inflation data Wednesday. There are also several reports on housing.
In the past week, the latest trading frenzy was around cannabis stocks, which surged higher and then lost altitude. On Thursday, Congress is holding a hearing on the wild trading in GameStop from several weeks back. The CEO of Robinhood is among the executives testifying.
Progress on the Biden administration's $1.9 trillion fiscal stimulus package will also be closely watched as it winds through Congress. It appears the package will be much closer to the proposed amount than the slimmed down package some Wall Street economists initially expected. Treasury yields are moving higher on the stimulus package, and idea that it may help spark inflation. The benchmark 10-year yield ended the week at 1.20%, its highest level since March.
THE WEEK AHEAD
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YOUR WEEKEND BRIEFING
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