Will Consumer Fears Determine The Sector Winners?

Will Consumer Fears Determine The Sector Winners?

Bear & Bull In Battle

The strong report on July non-farm payrolls, released on Friday, August 6, gave the stock market a positive bias going into last week. This positive sentiment was further strengthened by Wednesday's CPI report, which came in as expected. Over the past few months, many investors thought that the Federal Reserve was wrong in their approach to the current inflationary trends, but now they seem to be giving Fed Chair Powell the benefit of the doubt.