📈Three Most Important Releases this Week..

There are three very important economic releases this week.

1.Fed Minutes are released on Wednesday at 2 pm, The Federal Open Market Committee (FOMC) Meeting Minutes are a detailed record of the committee's policy-setting meeting held about three weeks earlier. The minutes offer detailed insights regarding the FOMC's stance on monetary policy. Traders will look for signs of future interest rate decisions based upon what is in the minutes.

2. GDP will be released at 8:30 am Thursday morning. Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health. The estimates and previous releases are as follows

• GDP (QoQ) (Q4) 2.9% 2.9%

• GDP Price Index (QoQ) (Q4) 3.5% 3.5%

Anything higher could be seen as overheated economy and weigh on the stock market.

3.PCE will be released at 8:30 on Friday morning. The PCE price index, is a indicator of the average increase in prices for all domestic personal consumption. This is the number one indicator Jerome Powell uses to gauge inflation. Core PCE is similar but removes food and energy. Estimates and previous below:

• Core PCE Price Index (MoM) (Jan) 0.4% 0.3%

• Core PCE Price Index (YoY) (Jan) 4.3% 4.4%

• PCE Price index (YoY) (Jan)  5.0%

• PCE price index (MoM) (Jan)  0.1%

Anything higher can lead to pressure on the stock market. Especially after last weeks CPI and PPI upside surprise.

For a list of stocks to watch today, watch the replay of today’s live Premarket video

https://youtube.com/live/iA1mO7wcFyg

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Wishing Everyone Massive Success in 2023 🍾