"It really just felt like back to kind of those 2020 days where a handful of the FANG names were doing a lot of the heavy lifting, and to us, that suggests this rally is feeling a bit on its last legs," BTIG's Jonathan Krinsky said Monday on CNBC's "On deck Tuesday and Wednesday is congressional testimony from Fed Chair Powell who will give remarks on where he sees the U.S. economy, and what he expects for interest rates to go from here.
The January wholesale inventories data is set to release Tuesday after the opening bell, giving investors insight into the consumer economy. Economists polled by Dow Jones expect a decline of 0.4%, compared to a rise of 0.1% in the prior reading. Consumer credit data expected Tuesday afternoon is forecasted to show a rise of $22 billion in January, according to consensus estimates from Dow Jones. That would follow a $11.6 billion increase the prior month.The January wholesale inventories data is set to release Tuesday after the opening bell, giving investors insight into the consumer economy. Economists polled by Dow Jones expect a decline of 0.4%, compared to a rise of 0.1% in the prior reading.
Consumer credit data expected Tuesday afternoon is forecasted to show a rise of $22 billion in January, according to consensus estimates from Dow Jones. That would follow a $11.6 billion increase the prior month.
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