Market recap for Thursday, August 23
In this article:
Stocks mixed on Thursday as the week of legal drama in Washington rolls along
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TheStreetThe stock market is about to see a 10% correction, with further disinflation a 'pipe dream' and Fed rate cuts coming much later, Stifel says
Inflation falling further from here in the near term is a "pipe dream" and rate cuts will continue to be pushed out, Stifel strategists said.
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Motley FoolSouthern States Sink As Seriously Underwater Home Mortgages Rise
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BenzingaWall Street Desks Warn CPI Report May Upset Stock-Market Calm
(Bloomberg) -- From JPMorgan Chase & Co. to Citigroup Inc., Wall Street’s most prominent trading desks are warning that investors should gear up for a potential break in the calm that’s come over the market.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyMacron Puts Frenc
BloombergFrom a melt-up to a sell-off, the next 2 weeks will determine the stock market's direction for the summer
"Inflation and NVIDIA earnings data that exceed expectations could set the stage for an early summer melt-up," UBS said.
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