WEEKLY MARKET REPORTđ :
đčMonday: Fedâs Waller Speech
đč Tuesday: Consumer Confidence; Fedâs Cook, Bowman; $FDX $CCL Earnings
đč Wednesday: New Home Sales; $MU $GIS Earnings
đčThursday: Q1 GDP, Jobless Claims, Durable Goods Orders, Pending Home Sales; $NKE $WBA Earnings
đčFriday: PCE Inflation, Chicago PMI, Consumer Sentiment
đžGlobal stocks rose as traders geared up for a week laden with political risk and inflation data.
đž Markets are at a critical juncture heading into the second half of 2024, with an uncertain outlook for central-bank policy rates.
đžThis 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
đžThe outlook hinges to a large extent on whether the Federal Reserveâs favored inflation yardstick shows a softer monthly advance in price growth.
đžThe 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.
đžInvestors will closely monitor Mayâs personal consumption expenditure data, the Federal Reserveâs preferred inflation gauge, which is set to be released Friday morning.
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