📈 Busy Week Ahead

We have a ton of economic data coming.

Huge Week to Come

This is a pivotal week for the market. We have a lot of very important economic data that is going to swing the market.

We are starting to move out of earnings season, so the economic data that we receive is going to be even more important in terms of shaping which direction the market will move.

Economic Data This Week

Wednesday, Thursday, and Friday are especially important. Here’s what you need to watch for:

Wednesday: CPI + FOMC

CPI and FOMC are crucial. CPI will tell us how the economy is doing with regards to inflation. The consensus is that we will drop from 0.3% to 0.2%. Anything above 0.2% will cause the market to sell off.

In terms of FOMC, we are not expecting a rate cut this month. However Powell’s speech will be very important to understand how he views rate cuts going forward.

Thursday: PPI

Thursday brings PPI data. This tells us the prices that producers receive for goods. It is correlated with inflation. We want a lower number.

The consensus is 0.2%, down from 0.5% last month. Keep an eye on this number.

Friday: Michigan Consumer Sentiment

Michigan Consumer Sentiment is the leading data we receive on the consumer and their attitudes toward the market. A strong consumer will be good for retail names.

The consensus is 73, up from 69.1 last month.

I talk through economic data and the week to come in this weekend’s video: