U.S. stock futures are down to start a data-heavy week on Wall Street — and more in Monday’s stock market recap.
We have the Consumer Price Index coming Tuesday — the biggest report of the week by far — followed by the Producer Price Index on Wednesday. These reports will show how inflationary pressure is affecting consumers and producers, respectively.
If inflation continues to rise or is still high, the Federal Reserve can justify its aggressive interest rate-hiking actions going forward. But if we get a sense inflationary pressure is easing, the Fed could ease up on future rate hikes.
These reports, especially the CPI, will set the tone for the rest of the week.
We also have retail sales on Thursday. As I’ve said before, retail sales represent two-thirds of the economy, so this is always an important report.
In this morning’s stock market recap video, you’ll discover whether the bond market is oversold or ready for more downside action… whether market internals are bullish or bearish… key levels for major indices and the most likely scenario ahead… the best way to approach the current market cycle… plus the two sectors I'm most bullish on right now.
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