This week, Mary Ellen reviews where the markets closed after two positive inflation reports. She also shares the strongest areas with specific stocks while highlighting what to be on the lookout for as we head into earnings season.

00:00 – Intro
00:58 – Headline News
03:04 – S&P 500 ( $SPX ), Stronger Sectors Discretionary (XLY), Real Estate (XLRE)
08:14 – Weaker Sectors: Healthcare (XLV), Energy (XLE)
09:19 – Sub Industry Groups: Tech-Software Sector ETF (IGV), Semiconductor ETF (SOXX)
10:48 – US Dollar index (UUP), Gold (GLD), Light Crude ($BRENT)
12:10 – S&P Homebuilders ETF (XHB) Daily, Weekly, Monthly
14:01 – Add On Plays: Home Depot (HD), Floor & Decor (FND), Tempur Sealy (TMP)
16:08 – Builders FirstSource (BLDR), Pentair (PNR), Starwood Property Trust (STWD)
15:52 – Earnings: Citigroup (C), State Street (STT), Workday (WDAY)
20:26 – Marvell Technology (MRVL), Urban Outfitters (URBN), Netflix (NFLX)
21:58 – Tesla (TSLA), Las Vegas Sands (LVS), American Airlines (AAL), Delta Airlines (DAL)
23:39 – Carnival Corp (CCL), Shockwave Medical (SWAV), Chipotle Mexican Grill (CMG)
25:12 – Adobe (ADBE)

✅ TRIAL OF THE MEM EDGE REPORT:

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Can The Markets Continue Higher On Low Inflation Numbers? | The MEM Edge (07.14.23)

Inflation has been a hot topic in economic discussions recently, with concerns about rising prices and their impact on the markets. However, the latest data suggests that inflation may not be as big of a concern as previously thought. On July 14, 2023, The MEM Edge published an article exploring whether the markets can continue to rise despite low inflation numbers.

The article begins by acknowledging the recent fears surrounding inflation and how it has affected market sentiment. Many investors have been worried that rising prices could lead to higher interest rates and a slowdown in economic growth. However, the latest inflation numbers indicate that these concerns may be premature.

According to The MEM Edge, the June Consumer Price Index (CPI) increased by a modest 0.3%, which was lower than what economists had predicted. This indicates that inflationary pressures may not be as strong as previously expected. Additionally, core inflation, which excludes volatile food and energy prices, was relatively stable, suggesting that the price increases are not widespread and may be transitory.

The article then examines the potential implications of low inflation on the markets. Historically, low inflation has been favorable for equities, as it allows central banks to maintain accommodative monetary policies and keep interest rates low. This creates a conducive environment for businesses to grow and for investors to seek higher returns in the stock market. In such scenarios, the markets tend to rally as investors become more confident in the stability and growth potential of the economy.

The article also highlights the importance of earnings growth in supporting a continued market rally. Despite concerns about inflation, strong corporate earnings have been a key driver of market performance. As long as companies continue to report robust earnings growth, investors may be willing to overlook short-term inflationary pressures. This is especially true for sectors that have been able to pass on higher costs to consumers.

In conclusion, while inflation concerns have dominated recent economic discussions, low inflation numbers may actually support further market gains. The latest data indicates that inflationary pressures are not as severe as previously feared, allowing central banks to maintain accommodative policies. Additionally, strong corporate earnings have helped boost investor confidence, further supporting market performance. As always, it’s important for investors to closely monitor market trends and adjust their portfolios accordingly.