Redwood Capital Management Limited

Stocks traded lower as traders decided to adapt a wait and see attitude in the upcoming earnings and economic prints this week to get more insights re inflation, labor status, the supply chain challenges and the fear it will bring in the market.

Another fully packed week is coming right up, with the Fed's Jackson Hole Economic Policy Symposium happening in the latter half of the week, and knowing what to expect and to focus on gives a slight edge in the trading industry.

Market direction unchanged as it continues to climb, eking out narrow gains to set new high records after investors digest most recent earnings results and economic data.

The opening session of the month ended lower with major indexes mixed. The Dow recorded an intraday high while S&P was also raking gains, but both of them were forced to give back the gains to end in the red.

Today's session ultimately wrapped with both S&P and Dow gaining, while NASDAQ continued to its 2-day losing streak.

Tuesday session closed with all market index staying afloat using the strong economic data presented today.

Last session of the week was very volatile but despite that, all benchmark equities ended in the red. The market was driven by the latest announcement from the Federal Reserve that discussed the monetary policy decision as well as their projections.

Monday session wraps with gains as tech stocks manage to recover some losses from last week's decline.

Traders and market direction are still being driven by the fear of inflation this Wednesday, and was further dragged by the consumer price data released the same day, sparked a sell-off for tech and blue chip shares.

The stock market clips continuous losses at session wrap up today, Wednesday, with all major indexes inching higher. This is the first time in 3 days that the equity benchmarks made gains.