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Buckle up, because this week is going to be one of the busiest, and most important, weeks of the year so far
Here's what I'm going to be keeping an eye on...
Here's what I'm going to be keeping an eye on...
FISCAL CLIFF:
Perhaps the most important theme, with the CARES Act $600/wk unemployment insurance boost expiring at the end of the week
There looks to be little sign of bipartisan conesnsus on another bill at present, and time is too tight to get one passed by Friday
Perhaps the most important theme, with the CARES Act $600/wk unemployment insurance boost expiring at the end of the week
There looks to be little sign of bipartisan conesnsus on another bill at present, and time is too tight to get one passed by Friday
FOMC:
Policy will remain on hold, and no new forecasts are due, so attention will be on Powell's assessment of the economic recovery in light of the resurgence in covid cases
Attention also likely shifting to how stimulus can be provided to cement the recovery (YCC, anyone?)
Policy will remain on hold, and no new forecasts are due, so attention will be on Powell's assessment of the economic recovery in light of the resurgence in covid cases
Attention also likely shifting to how stimulus can be provided to cement the recovery (YCC, anyone?)
EARNINGS:
A *huge* week for corporate earnings coming up, with 192 of the S&P, and 12 Dow constituents reporting in the coming 5 days
Thursday is the day to keep an eye on, with $AMZN, $AAPL and $GOOG all reporting after the close
A *huge* week for corporate earnings coming up, with 192 of the S&P, and 12 Dow constituents reporting in the coming 5 days
Thursday is the day to keep an eye on, with $AMZN, $AAPL and $GOOG all reporting after the close
Q2 GDP:
Our first official look at how severe the economic contraction was in Q2 comes on Thurs & Fri, with Q2 GDP prints from the US & E/Z
It is, however, unlikely to matter much to the market; though all Q2 prints will surely show the biggest quarterly contraction on record
Our first official look at how severe the economic contraction was in Q2 comes on Thurs & Fri, with Q2 GDP prints from the US & E/Z
It is, however, unlikely to matter much to the market; though all Q2 prints will surely show the biggest quarterly contraction on record
OTHER DATA:
A whole host of other prints are also due this week, including; Germany IFO surveys, US durable goods, US consumer confidence, Australia CPI, Japan retail sales, US jobless claims, Japan unemployment & Final UMich sentiment
A whole host of other prints are also due this week, including; Germany IFO surveys, US durable goods, US consumer confidence, Australia CPI, Japan retail sales, US jobless claims, Japan unemployment & Final UMich sentiment
COVID:
The latest news on the virus will also remain in focus, though there are signs that cases in the US sunbelt have peaked
Despite that, the recent resurgence in Spain is now coming onto the radar, proving how we will have to live with the virus for the foreseeable
ENDS
The latest news on the virus will also remain in focus, though there are signs that cases in the US sunbelt have peaked
Despite that, the recent resurgence in Spain is now coming onto the radar, proving how we will have to live with the virus for the foreseeable
ENDS
