Reports of the stock rally's demise have been greatly overstated, with September so far managing to eschew a much-predicted selloff. A torrent of economic news this week could turn the tide.
On the economic front, the consumer will remain front and center: Reports are due on increase, retail sales, housing and jobless claims. These reports are key as investors look for signs that the consumer, hit by rising unemployment, lost wealth and tighter credit, is starting to recover.
Consumer spending fuels two-thirds of economic growth. Government incentive and a period of inventory building are expected to help the economy for the next few quarters, but experts say the U.S. is at risk for a double-dip slump by this time next year if spending doesn't return.
useful links: transport rankings
On the economic front, the consumer will remain front and center: Reports are due on increase, retail sales, housing and jobless claims. These reports are key as investors look for signs that the consumer, hit by rising unemployment, lost wealth and tighter credit, is starting to recover.
Consumer spending fuels two-thirds of economic growth. Government incentive and a period of inventory building are expected to help the economy for the next few quarters, but experts say the U.S. is at risk for a double-dip slump by this time next year if spending doesn't return.
useful links: transport rankings
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