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Markets could be challenged by Washington stimulus talks and China tensions
- Stocks head into the summer doldrums with concerns about a lack of progress in Congress on stimulus spending and rising tensions between the U.S. and China.
- The market has so far priced in a stimulus package of at least $1 trillion, but stocks edged higher Friday even after Treasury Secretary Steven Mnuchin said talks stalled and he would recommend the White House issue orders on unemployment, student loans and rental foreclosures.
- Inflation data and retail sales will be important in the week ahead, and investors are also watching the dollar as it could provide clues on the direction of other financial markets.
