Provides a market roundup, a selection of useful data points we use for our investment analysis, and some interesting articles/charts we have noticed recently.
US stocks broke a string of three weekly losses, as investors appeared to grow more confident that the market had reached at least a temporary bottom after surrendering about half of its summer rally.
Some moderating inflation fears may have also been at work, and a midweek decline in oil prices—which briefly hit their lowest level since Russia’s invasion of Ukraine—caused energy shares to underperform within the S&P 500 Index, although the sector still recorded a gain. A rally in heavily weighted Tesla helped the consumer discretionary sector outperform. Markets were closed Monday in observance of Labor Day.
Down under the Australian share market finished higher on Friday to snap a two-week losing streak as the mining sector posted its biggest rally since late April. The week upcoming will provide another round of important lagging indicator on the effect of RBA monetary policy on the state of Australian consumers and labor market.
With US CPI numbers due on Tuesday morning, market participants hold their breath for a potential new impetus for a rally, or selloff.
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