OANDA – Stocks Pop On Impressive US Data, American Consumer Is Still Strong, Oil’s Choppy Trade, Gold Eases, Bitcoin Stumbles

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US stocks rallied after an impressive retail sales report, solid industrial production data, and retail earnings showed the consumer is handling the current pricing increases. All signs are pointing to a very strong holiday season for retailers and that should help keep sending stocks higher. Financial markets are fixated on inflation, but now agree that it can get a little uglier over the next couple of months, before traders get unnerved. Q3 2021 hedge fund letters, conferences and more The Nasdaq outperformed as today’s risk-on tone was accompanied by steadying Treasury yields, a boost to C…

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