Investors are digesting the implications of strong US retail sales data, which could complicate the Federal Reserve's plans for further rate cuts into 2025. The robust retail performance, particularly in car sales and online shopping, indicates a resilient economy that might prompt the Fed to reconsider its monetary easing pace. This economic resilience, coupled with the incoming administration's proposed inflationary import tariffs, is causing investors to reassess inflation expectations and the potential impact on consumer prices. The broader market sentiment remains cautious as traders weigh these economic indicators against global monetary policy shifts.
The Direxion Daily S&P 500 Bull 2X Shares (SPUU) experienced a decline, closing at $156.99, down 0.82% from the previous close of $158.28, and further slipping to $156.91 as of 16:20 on Tuesday, December 17.