📅 Overview of the key events of the upcoming week!
🏭Monday:
Services and Manufacturing PMI: This purchasing managers' index (PMI) provides a snapshot of how key sectors of the economy are performing. Weaker numbers may indicate slowing growth, which can affect market sentiment.
📊Tuesday:
CB Consumer Confidence: Measures consumer confidence in the economy. Higher confidence means higher spending, which can support economic growth and market optimism.
🏠Wednesday:
New Home Sales: A healthy real estate market tends to be a positive sign for the economy. If new home sales increase, it can indicate consumer confidence and steady economic growth.
💻After Market Results: Micron $MU is one of the key players in semiconductor and memory technology. The company's results are an indicator of the state of the technology sector.
🎤💸Thursday:
Fed Chairman Powell's speech: A closely watched speech that may hint at the future direction of monetary policy.
US Q2 GDP: The most important indicator of the country's economic performance.
Initial jobless claims: This data gives us a snapshot of the state of the U.S. labor market. Low claims are a sign of a healthy labor market.
Pending home sales: An indicator of future activity in the real estate market. Strong growth can indicate continued demand for real estate.
🏬Outcomes after the markets close: Costco $COST This retailer's results are an important measure of consumer demand.
💼Friday:
Core PCE inflation data: The Fed's preferred inflation indicator.
Consumer Sentiment: This indicator tells us how consumers feel about the economic outlook. Optimistic sentiment can boost consumer spending and growth.
This week is full of key events that can significantly impact the markets. 📈
What events will you be watching in the coming week?
I don't keep up with it much now, but the most important stuff always gets to me somehow😂. I guess the most important thing today will be the core inflation though.
Today and the core inflation data will certainly be important.
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I'm curious to see the results of the $MU. The decline over the last few months has been very steep indeed, so I wonder if it will continue or stop.