Monday Market Must-Knows: November 14, 2022

In addition to inflation, we heard Fed Chair, Jerome Powell discuss retail spending and indicate that consumption is still good.  We’ll have more insight this week as the Retail Sales result is announced.  If Jerome is right and we see continued strong consumer demand, we could see retail sales numbers to go up a little bit.

 

585 companies reporting this week: Tyson Foods, Walmart, Home Depot, Advanced Auto Parts, Cisco, Target, Lowe's, TJ Maxx and others.

These announcements could impact the retail sales numbers. We will find out when the Retail Sales data is shared on Wednesday at 8:30am EST.

 

Last week we saw that CPI (Consumer Price Index) numbers came in slightly better than expected and we saw huge moves up in the equity market indexes, anticipating maybe that the fed is going to scale back a little bit on their interest rate increases.

 

This week we have the Producer Price Index (PPI) announcement on Tuesday at 8:30am EST.

Expectations indicate the PPI number could come in much lower than expected and that may cause a big reaction with the equity markets.

 

As always, if you’re in the markets, make sure you have a trade plan.