Monday Morning Must-Knows - October 28, 2024
Monday Morning Must-Knows by Trading Academy
October 28, 2024
Will Big Earnings Ignite Market Volatility This Week?
Last week we saw a rollercoaster in the markets, starting with heavy selling in broad indexes, then rallying when Tesla posted impressive earnings. Tech stocks surged, driving strong Thursday and Friday sessions, though the S&P saw only moderate gains.
This week brings a major earnings lineup: Ford, Alphabet, Visa, Microsoft, Meta, Apple, and more, with five of the "Magnificent Seven" reporting, adding high volatility potential.
Additionally, key economic data drops, with Tuesday’s JOLTS job report, Friday's unemployment rate, and Thursday’s core PCE inflation reading. The Federal Reserve is closely watching employment, growth, and inflation for rate decisions, especially as the GDP advance report is due Wednesday.
With all these factors converging, expect intense market activity. Lastly, Trading Academy wishes you a thrilling Halloween season—may the markets keep surprises pleasant!
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!