Stocks Are In “Take A Breather” Mode

Stocks are in “take a breather” mode, notes Liz Ann Sonders. She discusses the takeaways from today’s inflation data. She questions if the Fed could start cutting in 2024. She talks about how holiday sales have been strong, online is taking share from in-store, and buy-now, pay-later is taking share from credit cards. She still thinks it's premature to expect the Fed to start cutting in early 2024, and she thinks quality/profitability should remain in focus. Tune in to find out more about the stock market today.