Retail Sales, India & S&P 500 Earnings

As investors position portfolios for lower interest rates, Eric takes the pulse of goods producers, which stand to benefit from a lower-interest-rate environment more than services providers. … Melissa travels to India, where Prime Minister Modi just won a third term but without broad support. Does he have enough support to pull off planned reforms and meet ambitious economic goals? That’s unclear. It will take substantial fiscal support for the Indian economy to sustain its soaring GDP growth trajectory. … Many S&P 500 Financials firms have already reported Q2 earnings; Joe says their aggregate y/y revenues growth was impressive, but their bottom-line growth not so much—though earnings did beat estimates.