Retail Sales Rise 0.1% in April as Americans' Spending Momentum Slows
Express News | Powell: Does Not Comment on Outlook or Monetary Policy; Says April PCE Likely Around 2.2%
Express News | US Retail Sales (MoM) (Apr) 0.1% Vs 0% Est.; 1.7% Prior
Express News | PPI (YoY) (Apr) +2.4% Vs +2.5% Est.; Prior +3.4%
US Morning News Call | U.S. Secures $1.2 Trillion Economic Commitment with Qatar
J.P. Morgan is bullish: U.S. stocks are breaking free from the black hole predicament, with the next target level for the S&P 500 being 6125-6170.
JPMorgan's recent report on the U.S. stock market technical strategy indicates that the easing of the China-U.S. trade war has driven the S&P 500 Index to break through key resistance levels, suggesting a stop-loss level of 5600 for long positions, with a target aiming towards 6125-6170.
