On the SPOT blog (06/07/2022) [U..]
Updated: Aug 31, 2022
US indices closed in green today. There was a scare earlier in the morning from Target after it guided lower again as its inventory level remains high and also mentioned that it might have to offer bigger discounts to improve demand and bring down the inventory levels to what is more acceptable. In general, as QT and interest rate hikes take effect, "easy" money circulation will drop and that could result in cautious consumer spending. This will depend on other factors too so remains to be seen. In general, I think some investors started buying beaten down stocks (still cautiously).
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