Kevin Hincks kicks off Thursday&#x27;s trading session with a glimpse at the retail sales that show a still-resilient American consumer. On the other side of the Fed&#x27;s dual mandate, he talks about the &quot;low hire, low fire&quot; jobs environment he sees offering some strength to the economic picture. TSMC&#x27;s (TSM) gross margins added pressure to the stock and the global tech trade, which Kevin Hincks attributes to the selling action in the sector to start the day. He also notes GE Aerospace (GE) and its earnings. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Retail Sales Shows Consumers Staying Resilient, TSM Adds Equity Pressure

Schwab Network

But now to help us set up the trading day, I'd like to welcome in Kevin Horner live from the CBOE for our pre-bought playbook. And so, Kevin, what are your thoughts really on some of this morning's weakness? Of course, yesterday as we kicked off the show, I mentioned that we saw some different price performance than what we were seeing today, I think aided by some of this inflationary data. But walk us through your thoughts here as you check in on overall markets this morning. Good morning, Jen. Yeah, a very semiconductor-driven market this morning.

A lot of economic data, a lot of earnings, frankly. If you see the Dow futures outperforming, that's because UnitedHealthcare is going to be up at least pre-market. But, you know, this is a market absorbing some earnings from GE Aerospace that we'll talk about, about Taiwan Semi that we'll talk about, some economic data that we got out this morning. You mentioned the dollar's a little higher, yields are a little higher, crude oil's a little higher,

so the macro setup is pointing to a lower market. All things considered, though, we've had a couple big up days. We're 40, 50 points away from all-time highs in the S&P, so a little bit of weakness to start the day. Like I said, earnings season, a big market is made up of a bunch of little stories. I think we're seeing some of that this morning, Jen. Absolutely. And I will say, I did want to check in on some of the data we did get this morning,

Retail Sales Shows Consumers Staying Resilient, TSM Adds Equity Pressure

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Retail Sales Shows Consumers Staying Resilient, TSM Adds Equity Pressure

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.