The S&P 500 is currently in its worst losing streak since in close to 7 months as the market seems to be concerned about elevated inflation and slowing growth. These concerns gained traction following the disappointing jobs report for August coupled with the continued supply bottlenecks and supply chain disruptions causing inflation pressures to remain elevated as seen in Friday’s producer price index reading. h could explain the move higher in interest rates following this disappointing report.
For the week ahead, it’s monthly options expiration week and, if you recall from prior videos, these weeks, thus far in 2021, have been mostly negative for stock market indices. So, if this trend continues, we could be seeing more down days this week. For economic data, let’s keep an eye on the consumer price index and on retail sales given the market concerns about inflation and growth.
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