BJ’s Blows It & Dick’s Shrink: Consumer Concerns Spook Stocks, Flattens Yield-Curve
August 22, 2023 at 16:00 PM EDT
With all eyes on NVDA’s earnings tomorrow, today saw retailers and banks suffer (earnings in the former raising questions about America’s “strong consumer”, and S&P downgrades banks amid “tough” climate), as Philly Fed Services and Existing Home Sales disappoint on the macro side. Retailers tumbled the most since May today as Macy’s saw credit card […] Source
