Stocks turned negative for the week as the initial euphoria over a clear election outcome butts up against the reality of what the Trump trade actually looks like. Investors may also be taking some profits after the latest inflation readings showed that the Federal Reserve’s 2% target will remain elusive for some time. Adding fuel to that argument, Fed chair Jerome Powell suggested that a pause in rate cuts in December could be on the table.
However, even if investors have to settle for the lower corporate tax rates pledged by the Trump administration, that would be bullish for corporate earnings and likely for stocks. Speaking of earnings, investors will hear from many of the nation’s leading retailers next week. This comes on the heels of news that retail sales ticked up slightly in October. Investors will be paying close attention to the guidance these retailers offer about the upcoming holiday season.
The outlook for an end-of-year rally remains strong. The MarketBeat team of analysts will help point you to the stocks that can help you profit. Here are some of our most popular articles from this week.
