Investors await data to confirm US economy's strength; market volatility expected.
From Investing.com: 2024-09-23 00:55:00
This week, investors will focus on treasury auctions for 5, and 7 year notes. The upcoming second-quarter GDP report on Thursday will be crucial to validate the strength of the U.S. economy. Powell remains cautious despite cooling inflation. Implied volatility post Fed rate cut creates market noise, but clarity is expected this week. S&P 500 at risk of giving back post-Fed gains due to high short sale volume. Market reactions tied with reserves and margin balances suggest a potential market downturn could be brewing, making this week challenging for investors.
Read more at Investing.com: Stocks Week Ahead: New Data to Test Fed’s Assertion of a Resilient Economy