18th July – Stocks notch new record high on resilient consumer and earnings

In this mornings call, Mark discusses the current state of the stock market, highlighting record highs in the S&P 500 driven by resilient consumer and earnings data. Key economic indicators such as retail sales and manufacturing indexes are analyzed, alongside the cautious stance of central banks amid political influences. The performance of various sectors, particularly technology and commodities, is examined, with insights into major companies like TSMC and BHP. The conversation concludes with a look ahead atupcoming earnings reports and economic data.takeawaysStocks are reaching new record highs, particularly in the S&P 500.Retail sales numbers showed unexpected resilience despite concerns.Central banks remain cautious due to ongoing economic uncertainty.Iron ore prices have surged significantly in recent weeks.TSMC is a dominant player in the semiconductor market, producing 90% ofthe world's chips.BHP is considered undervalued in the current market.The healthcare sector is showing signs of recovery after a tough period.Long-term interest rates need to decrease for a sustained market rally.Upcoming earnings reports from major companies will be crucial formarket direction.Economic data is expected to be quiet in the coming week.