Monday Market Must-Knows: August 19, 2024

The market experienced a remarkable recovery after last Monday's sell-off, with seven consecutive days of gains boosting long-term portfolios. While this was great news for investors, those shorting the market faced challenges. 

This week brings key economic and earnings announcements, with a light earnings calendar featuring companies like Palo Alto Networks, Estee Lauder, Lowe’s, and Target. Retail sales were strong last week; we'll see if that trend continues. 

Additionally, the Jackson Hole Symposium will be closely watched, especially Jerome Powell's speech, which could cause market fluctuations. 

Lastly, services and manufacturing numbers from various countries, including the U.S., will be released on Thursday, providing further insights into economic conditions.

As always, if you’re in the markets, make sure you have a trade plan. Join us for a FREE introductory class. Learn about tools & rules for trading with confidence-so you can stay one step ahead of market volatility. Stay Informed, Start Knowing Today!