A Shift Back To Retail Earnings

In his Daily Market Notes report to investors, Louis Navellier wrote: Debt Ceiling Discussions PlannedLots of Fed-speak, and debt ceiling discussions this morning. Stocks were higher pre-market on news of further debt ceiling discussions planned. Then interviews with a couple of Fed governors where comments were made about even though inflation trends are encouraging we are far from the 2% target, that another increase may be necessary to keep it going, and cuts this year are very unlikely. Stocks promptly slid into the red. In the last 30 days, the Dow is down 2.2%, the S&P down 0.8%, the NAS…

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