Retail highlights a holiday week
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 16 June 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
Show Notes
Goldman Sachs raises its S&P 500 year-end target to a joint Street high at 5,600
Earnings calendar
Catalyst Watch
Episode transcripts seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's market moving events, |
| 0:11.1 | along with the weekend's top news and analysis. |
| 0:14.0 | Hello, today is Sunday June 16th and I'm your host Kim Khan. |
| 0:18.0 | It's a rare midweek holiday for Wall Street with the stock and bond markets closed for the Juneteenth holiday on |
| 0:23.8 | Wednesday. Four-day trading weeks usually mean lower volume and added volatility. |
| 0:28.0 | That will be exacerbated on Friday with triple wishing expiration of |
| 0:32.1 | options, stock index futures, and stock index options. |
| 0:36.0 | Walmart's Members Only Walmart Plus shopping event kicks off this week. |
| 0:40.0 | It will run through June 23rd. |
| 0:42.0 | And the retail sales report for May |
| 0:44.0 | will generate the most interest among indicators. |
| 0:47.0 | Economists expect a 0.3% gain for the month |
| 0:50.1 | rising from a flat measure in April. |
| 0:52.3 | Retail sales haven't seen a rise since January, |
| 0:55.0 | and another low print will likely bolster expectations |
| 0:58.0 | for the Fed to cut rates by a quarter point in September. |
| 1:01.0 | Fed speakers are out of the penalty box this week, so expect some jaw-boning, probably |
| 1:05.3 | on the hawkish side, given how dovish last week's meeting was interpreted. Watch for remarks |
| 1:10.0 | from Governor's Lisa Cook and Adriana Kugler, among others. |
| 1:14.0 | Treasury yields of tumbled following the cool inflation data on both the retail and wholesale |
| 1:18.4 | sides. |
| 1:19.4 | Seeking Alfa's Rina Sherbal talked to Scott Kaufman, known on S.A. As Treading Softly. as |
... |
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