OANDA – Stocks Pop On Impressive US Data, American Consumer Is Still Strong, Oil’s Choppy Trade, Gold Eases, Bitcoin Stumbles

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ValueWalk

US stocks rallied after an impressive retail sales report, solid industrial production data, and retail earnings showed the consumer is handling the current pricing increases. All signs are pointing to a very strong holiday season for retailers and that should help keep sending stocks higher. Financial markets are fixated on inflation, but now agree that it can get a little uglier over the next couple of months, before traders get unnerved. Q3 2021 hedge fund letters, conferences and more The Nasdaq outperformed as today’s risk-on tone was accompanied by steadying Treasury yields, a boost to C…

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