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Afternoon Note

Retail is Back

By Karina Hernandez, Senior Research Analyst
8/8/2022 1:20 PM

The S&P retail ETF is erupting today, up more than 5%. All that credit card spending is making a mark.

Retail darlings AMC Entertainment Holdings (AMC) and Bed Bath & Beyond (BBBY) are at it again, soaring in today’s session on no apparent news.

Energy is rising out of the ashes after giving up lot of its gains last week and is the second-best performer today.


The King Dollar is back and doesn’t seem like it is running out of gas.


The market is cooling off, as the selling in semiconductor continues, and we get more color on the Inflation Reduction Act, which is likely to be passed by the House later this week.



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