The US stock market faces a test! Can retail company financial reports stabilize the market? Focus on these two major issues.
18/11/2024
GMT Eight
ty
The meeting is to discuss the strategies to mitigate the impact of lowering tariffs. He said, "You will hear the company talk about their risk exposure, what they are doing, how quickly they can take action, but they have not provided specific numbers because without details, it is impossible to quantify anything."Although the tariff plan has not been determined yet, Zolidis expects that businesses will be better able to react compared to Trump's first term, as they have more time to prepare emergency plans. Additionally, as the election approaches, the Federal Reserve will continue its loose monetary policy, leading to a more optimistic outlook on consumer spending. He said, "Just like Wall Street, consumers do not like uncertainty. I believe that short-term consumer behavior may have a good start, especially in an environment where interest rates are continuously declining towards the end of the year."