The major indexes are down as investors weigh how aggressive the Federal Reserve will be with future interest rates hikes — and more in Monday’s stock market recap.
Fed Chair Jerome Powell is scheduled to speak at the central bank’s economic symposium in Jackson Hole, Wyoming, on Friday. And we could be in for a volatile week of trading as investors await his comments regarding the economy, inflation and future rate hikes.
While earnings season is almost over, several well-known companies report this week. Retailers Macy's, and Nordstrom are scheduled to report on Tuesday, with Salesforce and NVIDIA on Wednesday.
We also have gross domestic product data on Thursday, which will tell us whether or not the economy is growing.
In this morning’s stock market recap video, I’ll reveal this week’s biggest threats and opportunities… what to expect from GDP… which sectors are the most vulnerable and why… how to position yourself for safety… the biggest earnings reports to pay attention to… why I'm growing more bullish on defensive stocks… and why I believe tech and consumer discretionary stocks are overdone!
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