Stocks alternated between gains and losses this week, as strong earnings from the big banks were offset by some credit concerns among select regional banks. Tariffs and trade concerns with China also contributed to investor anxiety.
With all the major indexes near all-time highs, it doesn’t take much to give investors a reason to take profits. However, the trend is still bullish and is likely to be confirmed by strong corporate earnings.
On Oct. 24, investors will get the latest reading on inflation when the delayed September consumer price index (CPI) is released. This will happen just a few days before the next Federal Reserve meeting and is expected to strengthen the argument for additional rate cuts, which the market is pricing in.
