Monday Morning Must-Knows - October 14, 2024

Monday Morning Must-Knows by Trading Academy

October 14, 2024

Will Retail Sales Spark Market Growth?

What a week it’s been! Markets saw a lot of volatility, but most major indexes ended higher thanks to strong earnings from financial giants like JPMorgan and Wells Fargo. All companies reporting on Friday beat expectations, fueling optimism as earnings season continues. 

This week, 191 companies will report, including major names like Bank of America, Goldman Sachs, and Johnson & Johnson on Tuesday, with others like Netflix, Blackstone, and American Airlines later in the week. 

Internationally, inflation data is being released across various countries like Switzerland, Canada, and the UK, which could influence global rate decisions. 

Meanwhile, the European Central Bank (ECB) is expected to lower rates by 25 basis points on Thursday. 

In the U.S., concerns about consumer spending were highlighted in the recent FOMC minutes. 

This week’s retail sales report will be closely watched, with forecasts predicting a slight increase. This data could provide key insights for markets going forward. Stay cautious, as volatility remains high.

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