Key things to watch this week include earnings, economic data, Powell's speech, and market volatility.

From Nasdaq MarketSite: 2024-07-15 20:56:17

Last week saw market volatility as CPI came out cooler than expected while PPI was hotter than anticipated. Bank earnings mostly exceeded expectations, boosting individual stocks. Tesla saw intraday swings but finished the week flat. Uncertainty surrounds the Fed’s rate signaling strategy.

This week, focus remains on earnings, economic data, and Powell’s speech. Bank earnings, including Goldman Sachs and Bank of America, are key. American Express and Netflix will also report. Powell’s speech could hint at future rate decisions, causing market volatility.

Empire State Manufacturing index, out Monday, reflects business conditions in New York. Positive news could boost market sentiment. Tuesday’s Retail Sales and Core Retail Sales data will be closely watched for consumer participation signs. The ECB’s divergence from the Fed may impact market dynamics, particularly bonds.

Stay tuned for a busy week ahead in the market. Good luck with your trades and keep an eye on the latest news for potential market-moving developments.



Read more at Nasdaq MarketSite: Earnings, Powell and Other Key Things to Watch this Week