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I'm Jerry Willis, and this is the Fox Business Rundown.

Monday, November 18th, 2024. After rising during a post-election boom, stocks pulled back at the end of last week as the pace

of further Fed rate cuts came into question.

The market really is going to focus on the economic data, right?

It understands that maybe the Fed cut is off the table. So that's going to cause now investors to start to look once again on

the economic data points, right? What's inflation doing? What's the economy doing?

Last Friday brought us some important economic data in the form of stronger than expected

retail sales and increased prices on imported goods. Fed Chair Powell spoke publicly last week

suggesting that the job growth and economic numbers they are seeing mean the Fed can take its time

in making additional rate cuts. Investors certainly read this as a sign that a December cut

may be less likely as we saw stocks retreating from their post-election surge.

Traders are also trying to take a closer look at exactly what some of these new Trump

administration policy plans may mean for the economy. Now, this week, investors will be bracing

for a key earnings report from NVIDIA to give them a bit more indication that the market can continue

its positive trajectory or if the market pullback is a trend that is here to stay.

So listen, I think there was a lot of the rally that we saw post the election was just a relief

...