August 10, 2024 | Tech Talk for Saturday August 10th 2024
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The Bottom Line
Focus this week is on U.S. inflation and its impact on U.S. interest rates. Growth in Producer and Consumer Prices on a year-over-year basis continues to trend down, but at a lower rate. Traders will watch closely the July PPI report on Tuesday and the July CPI report on Wednesday.
Second quarter results released to date by S&P 500 companies have been a pleasant surprise, nicely exceeding estimates offered since the second week in July. Consensus estimates for the remainder of 2024 were lowered slightly last week, but continue to show accelerating earnings growth beyond the third quarter.
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Don Vialoux August 10th, 2024
Posted In: Tech Talk
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