Traders are monitoring news that China will take countermeasures against the United States after the House of Representatives passed the Hong Kong Human Rights and Democracy Act — a bill that asks various U.S. government departments to consider the special trading status of Hong Kong.In the meantime, traders are also tracking the new earnings season, which got off to a strong start Tuesday.
On the data front, there will be retail sales at 08:30 a.m. ET. There will also be business inventories and the housing market NAHB survey at 10:00 a.m. ET.Chicago Fed President Charles Evans is due to speak at 10:45 a.m. ET; Dallas Fed President Robert Kaplan has an address at 10:00 p.m. ET and at 3:00 p.m. ET, Fed Governor Lael Brainard will speak in D.C.
Given how often and how brazenly Donald Trump lies, how are we to believe that the data being released is accurate?
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