Holiday Shoppers Out in Force But Stocks Waver on China Worries, Fed Policy
• Check the Receipts Signs of strong holiday shopping but stocks under early pressure from weak Chinese data
• It's PCE week - Fed's favorite inflation gauge arrives Thursday; two Fed governors speak Tuesday
• Recent Treasury auctions saw soft demand that helped send yields higher, hurting stocks
• Credit spreads fell sharply, near lowest levels since early 2022; potentially positive for financials
• Crude oil back in focus Thursday with delayed OPEC meeting that could signal more production cuts