Monday Market Must-Knows: June 24, 2024
For the upcoming trading week, several key events and data releases are noteworthy. Last week ended with bearish shooting star formations in the S&P and NASDAQ. This week, 239 companies report earnings, including FedEx, Carnival Cruise Lines, Micron Technologies, Paychex, General Mills, Levi’s, Nike, McCormick & Company, and Walgreens Boots Alliance. Walgreens' chart shows a seven-year decline, potentially continuing with its upcoming earnings.
Housing data is significant this week with the K Shiller S&P Composite 20 Home Price Index and HPI numbers on Tuesday, new home sales on Wednesday, and pending home sales on Thursday. These releases come amid falling 10-year bond yields, which may boost home affordability and impact home builder stocks.
The final GDP numbers are out Thursday morning, with expectations slightly above the previous 3.4%. The core PCE Price Index, crucial for the Fed’s inflation target, is released Friday. Expected at 0.1%, it could indicate falling inflation, affecting market volatility and Fed rate decisions.
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!
Housing data is significant this week with the K Shiller S&P Composite 20 Home Price Index and HPI numbers on Tuesday, new home sales on Wednesday, and pending home sales on Thursday. These releases come amid falling 10-year bond yields, which may boost home affordability and impact home builder stocks.
The final GDP numbers are out Thursday morning, with expectations slightly above the previous 3.4%. The core PCE Price Index, crucial for the Fed’s inflation target, is released Friday. Expected at 0.1%, it could indicate falling inflation, affecting market volatility and Fed rate decisions.
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!