GET TRENDING FINANCIAL NEWS AND INSIGHTS FIRST

A view of the mountains. Stocks posted a mixed close yesterday as traders awaited the Jerome Powell’s Jackson Hole speech this morning. Surprisingly weak economic news and hawkish comments by some Fed officials were not enough to douse the dovish hopes of traders.

Shopping, not stopping. Stocks rose yesterday as retail showed resolve in earnings. Consumers continue to shop, keeping the retail sector and the economy moving forward.

Give me a sign. Stocks pulled back slightly yesterday as investors await some direction from the Fed. A pile of confusing statements by the President left traders scratching their heads wondering if what he said was good or bad for stocks.

A trifecta of hope. Stocks rose a second session in a row on dovish intentions from China and Germany combined with a small positive move on trade. Once, again, buyers rushed in to buy stocks hoping to cash in on the recent downturn in equities.

Retail therapy. Stocks traded higher on Friday as investors looked to buy cheap stocks while bond yields finally stopped falling. Bond buying finally relented on Friday and stock investors stepped in to buy the dip even in the wake of low confidence numbers.

Demand more. Yesterday, resilient stocks traded modestly higher, tipping their hats to the real custodians of the economy: the consumer. Just a day after the stock markets’ worst day of the year, fear dissipated in response to stronger than expected economic numbers.