Updated: Aug 31, 2022
Interesting day on Wall Street today, not just because all major US indices closed in an emphatic green but also because of the +ve retail data for April combined with some quarterly results seemed to be the cause for optimism. Home Depot guided higher and Walmart guided on earnings. This might imply that economy still remains reasonably strong but the inflation + supply chain issues might result in lower profit for strong companies. It is too early to conclude this but at least that is what it seems like at the moment. Let's see how things go tomorrow.