U.S. stock futures are trading higher this morning as Wall Street attempts to recover from a string of losses following strong earnings from the retail sector — and more in Thursday's stock market recap.
Shares of Macy's jumped about 15% in premarket trading as the company raised its profit guidance, while discount retailersDollar Treeand Dollar Generalrose roughly 12% and 10%, respectively.
However, my eyes are still glued to the bond market…
The TLT has turned around and is starting to trade higher. Now, I don’t believe it will turn around for the long term. But it is a bullish sign that the market doesn’t believe that short-term interest rates need to go much higher.
In this morning’s stock market recap video, I’ll give you four signs that the market is recovering… a preview of Thursday’s gross domestic product report and its impact on the bond market… why small-cap stocks are turning around and what it means for the bulls… a deep dive into recent market volatility… and the one sector I’m laser focused on right now.
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