The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020.
Retail sales data, due out on Tuesday, may have to walk a tightrope to satisfy investors.
A survey on Friday showed U.S. consumer sentiment deteriorated in October, with households expecting higher inflation over the next year.
Todd, of Greenwood Capital, is focused on insight from companies about the cumulative effect of "higher inflation and higher rates on the consumer."
“The conclusions from the consumer next week, I think, is going to be bad news is good news."
Persons:
Carlo Allegri, that’s, Hogan, ”, Walter Todd, Todd, Jack Ablin, Ablin, Lewis Krauskopf, Ira Iosebashvili, Jonathan Oatis
Organizations:
New York Stock, REUTERS, Procter & Gamble, Netflix, Federal, Riley, ”, Reuters, University of Michigan, Major, Greenwood Capital, Bank of America, America Airlines Group, Treasury, Cresset, Thomson
Locations:
Manhattan, New York City , New York, U.S, Israel, Major U.S