Monday Market Must-Knows: October 24, 2022

Housing represents a significant portion of GDP and with climbing mortgage rates, we are now seeing the fastest decline in decades.

 

This week, take note of the following housing reports with a surprising expectation for GDP data. Could the expectation of a positive GDP number ease the malaise and provide some sense of optimism for the markets?

 

S&P/CS Composite – 20 HPI – Tuesday 9:00 a.m. ET

New Home Sales Wednesday 2:00am ET

CAD CPI (Canada) – Wednesday 8:30am ET

Advanced GDP q/q – Thursday 8:30 am ET

 

Rate Statements for the week ahead 

Bank of Canada Wednesday 10:00 a.m. ET

European Central Bank Thursday 8:15 a.m. ET

Bank of Japan Thursday Tentative (keep an eye on these statements as these could create some great trading opportunities)

 

There are 1000 Companies reporting this week: 

HSBC, Logitech, Microsoft, GE, Twitter, Visa, Google (Alphabet), GM, Coca-Cola, Boeing, Ford, Apple, Amazon, Mastercard, Starbucks, Exxon Mobile, and many others.

 

Which one will be the catalyst for a market move, up or down? We don’t know, but what we can expect is some dramatic volatility when those securities are announced.

 

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