WEEKLY MARKET REPORT๐
:
๐นMonday: Fedโs Waller Speech
๐น Tuesday: Consumer Confidence; Fedโs Cook, Bowman; $FDX $CCL Earnings
๐น Wednesday: New Home Sales; $MU $GIS Earnings
๐นThursday: Q1 GDP, Jobless Claims, Durable Goods Orders, Pending Home Sales; $NKE $WBA Earnings
๐นFriday: PCE Inflation, Chicago PMI, Consumer Sentiment
๐ธGlobal stocks rose as traders geared up for a week laden with political risk and inflation data.
๐ธ Markets are at a critical juncture heading into the second half of 2024, with an uncertain outlook for central-bank policy rates.
๐ธThis week is relatively data-light except for the key PCE data which will be a big driver, and the Trump-Biden debate will be a major event
๐ธThe outlook hinges to a large extent on whether the Federal Reserveโs favored inflation yardstick shows a softer monthly advance in price growth.
๐ธThe enthusiasm surrounding artificial intelligence has lifted the market significantly this year even as investors grappled with shifting expectations for rate cuts and a slowing economy.
๐ธInvestors will closely monitor Mayโs personal consumption expenditure data, the Federal Reserveโs preferred inflation gauge, which is set to be released Friday morning.
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