Pre-Fed Thursday – Markets Still Drifting into Jackson Hole
The S&P, Nasdaq, and Russell all posted gains despite muted trading volume with SPX and NDX adding 0.4% and 0.6%, respectively, while the RTX outperformed with a 1.3% gain on the day. Target (TGT) led the consumer discretionary sector higher with an impressive earnings report and outlook, contributing to overall market strength. However, a rail strike in Canada poses a SIGNIFICANT risk that could disrupt supply chains, leading to potential inflationary pressures, further complicating the Federal Reserve's delicate ...