Econ Data and Earnings to Move Money
Since June 10 the S&P 500 has dropped more than 7%, including a 1.9% fall on Friday, which pushed the index below its 200-day average. This week a surge of positive data could cause markets to switch direction, but if news disappoints markets could extend their recent declines.
As of Sunday evening, Dow and S&P 500 futures were pointing north, and WTI crude was up slightly to $59.91 per barrel.
The week begins slowly with no news Monday morning and only the monthly budget in the afternoon, but the week’s highlight, Retail Sales, is posted an hour before the opening bell on Tuesday. Other highlights include PPI and CPI, Industrial Production, and minutes from the latest FOMC statement.
In Real Estate, the major news will be Friday’s Housing Starts report, but don’t get too excited: analysts are expecting construction projects to remain at low levels.
Key Releases this Week:
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