Stocks continue rally as market enter earnings season

📈 SPX | 4,471 (+33, +0.7%)
📈 DJIA | 35,295 (+382, +1.1%)
📈 CCMP | 14,897 (+74, +0.5%)

💵 Stocks rose by the most since July as strong corporate earnings and a surprise rise in retail sales helped spur positive sentiment in the economy.

🏦 Goldman Sachs CEO David Solomon echoed sentiment from fellow bank CEOS (such as from BofA and Morgan Stanley), saying that inflation is top of mind for businesses now, with wage-push inflation being a particular area of concern. On that topic, August saw the highest number of Americans quitting their jobs on record (4.3 million, around 3% of the labour force), worsening the labour shortage.

🏭 Commodities are continuing to rise sharply as global inventories continue to shrink – particularly amongst base metals such as aluminium, zinc, and copper. Zinc recently reached its highest price since 2007, while aluminium – a particularly energy-intensive commodity, has also similarly reached 2008 highs.