Investors brace for market turbulence amid economic concerns, uncertain presidential race.

From Investing.com: 2024-08-11 09:10:34

Investors are looking towards inflation data, corporate earnings, and presidential polls for signs to calm U.S. stock turbulence following a week of market swings. The Cboe Volatility Index is still elevated, with recent historical data showing that surges of volatility typically take months to dissipate. An Ipsos poll shows Democrat Kamala Harris leading Republican Donald Trump in the presidential race.

Concerns over economic downturn are rising as weaker manufacturing and employment data sparked fears after months of betting on an economic soft landing. Corporate earnings have not provided a clear direction for the market, with results meeting long-term expectations. The Fed’s upcoming policy meeting in September could see benchmark interest rates lowered by 50 basis points, compared to a month ago.

Walmart, Home Depot, and Nvidia are among companies reporting earnings next week, providing insight on consumer behavior amid heightened interest rates. The upcoming U.S. consumer price data will be closely watched for signs of inflation affecting market turbulence, with futures markets pricing in a rate cut. The U.S. presidential race adds to market volatility, creating uncertainty ahead of the Nov. 5 election.



Read more at Investing.com: Rollercoaster week in US stocks leaves investors braced for bumps ahead By Reuters