The Nasdaq Composite index rose 8.1% last week, for its biggest weekly percentage gain since March, while the S&P 500 rose 5.9% and the Dow added 4.15%. The main catalyst for the relief rally was the October CPI report, which came in better than expected and much better than feared. But the Fed is unlikely to be swayed by a single inflation print, and past rebounds fueled by Fed-related optimism have crumbled this year after discouraging economic data or pushback from policymakers. Moreover, inverted yield confirms that such a relief rally isn’t sustainable. In the coming week investors will be looking at a spate of U.S. data for further signs pointing to slow down in inflationary pressures, including Wednesday’s retail sales report. Furthermore, a slew of earnings results, particularly those from big retailers, including Home Depot ($HD), Walmart ($WMT), and Target ($TGT), will help investors gauge the health of the world’s largest economy. Fallout from
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