Monday Market Must-Knows: August 15, 2022

Is inflation headed in the right direction?

 In the upcoming trading week, there will be 813 companies reporting earnings with some big names like Coca-Cola, Biogen, and Shopify among others. Nothing groundbreaking, but there are some noteworthy companies which could impact sectors and move markets.

 No major speeches this week, but the focus will be on inflation data, with two major announcements this week. The Consumer Price Index (CPI) and Producer Price Index (PPI) being released on Tuesday and Thursday, respectively. The expectation is for a rise in the month-over-month reading of the CPI, but the year-over-year reading is still expected to remain at 6.2, indicating a stable trend. Although these announcements will be made before the markets open, they are market movers, so pay attention.

 Additionally, retail sales numbers will be posted Wednesday and are expected to further decline, suggesting that businesses are feeling the impact of low demand. Traders should pay close attention to these announcements, as they represent significant factors for the markets going forward.

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